Intuit

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With Eye on AI, Intuit Announces Mass Layoffs

1.8K employees are losing their jobs

(Newser) - Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce, the AP reports. The company behind QuickBooks and TurboTax said it was laying off 1,800 employees, but that it expects to hire at least that many in...

Company Behind TurboTax Owes Money to 4.4M Taxpayers

Intuit reaches settlement over misleading promises of 'free' services

(Newser) - The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services, New York's attorney general announced Wednesday. Under the terms of a settlement signed by the attorneys general of all 50 states, California-based...

FTC Sues Intuit: Stop Saying TurboTax Is Free

FTC says ads mislead consumers

(Newser) - The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers, the AP reports. Intuit says it will fight the suit. The consumer protection agency said Tuesday that millions of consumers cannot actually use the free tax-prep software option—two-thirds of tax...

Intuit Drops $7.1B in Stock and Cash to Buy Credit Karma

Companies plan to build 'a personalized financial assistant'

(Newser) - Credit Karma, which had been planning an initial public offering by now, has agreed to be taken over by Intuit for $7.1 billion in cash and stock. Intuit's products include TurboTax, Quickbooks and Mint. Credit Karma offers free credit scores and free tax filing services, then sells other...

Tax Day Argument: Let the IRS Do Our Taxes
Tax Day Argument: Let the IRS Do Our Taxes
OPINION
Apr 15, 2015 1:36 PM CDT

Tax Day Argument: Let the IRS Do Our Taxes

Advocates push 'return-free filing' as a way to simplify a painful process

(Newser) - With "tax day" upon us, critics of the current filing system are staking out their usual ground and calling for reform. One of the big alternatives being pushed is "return-free filing," which, advocates say, would simplify a system that's needlessly painful and complicated. As Farhad Manjoo...

Facebook Wouldn't Get in on Apple-Google Hiring Cabal

Top tech firms allegedly agreed not to poach talent

(Newser) - Facebook refused to join an anti-labor conspiracy that included Apple, Google, Intel, and Adobe, according to newly released documents in a $3 billion lawsuit against the allegedly colluding tech giants. According to the suit, the companies' top executives agreed to suppress wages and avoid poaching each other's talent from...

TurboTax Tricks People Into Fighting Free Tax Prep
TurboTax Tricks People Into Fighting Free Tax Prep
propublica
Apr 15, 2014 2:42 PM CDT

TurboTax Tricks People Into Fighting Free Tax Prep

Lobbyist with ties to software maker plants stories with community leaders: ProPublica

(Newser) - It sounds like an uncontroversial proposal: The IRS could set up a simple, optional, online tax tool, filling out your forms automatically using info the government has on file. Yet over the past year, community leaders have been coming out of the woodwork against such a thing. Rabbi Elliot Dorff,...

Now You Can File Taxes by iPhone
Now You Can File
Taxes by iPhone
Jan 15, 2011 11:34 AM CST

Now You Can File Taxes by iPhone

1040EZ filers can use Snap Tax app on mobile phones

(Newser) - Filers with uncomplicated taxes can take care of business in a matter of minutes—by smartphone, of course. Intuit's $15 Snap Tax app works on iPhones and Android phones by taking a photo of the filer's W-2, then using that data to fill out the form, explains the New York ...

Online Wiz, 29, Sells Firm for $170M

Aaron Patzer makes a mint when Intuit buys his finance site

(Newser) - Aaron Patzer recently joined the ranks of America's under-30 tech multi-millionaires when rival firm Intuit snapped up his Mint.com online personal finance tool for $170 million. "It was a jaw-dropping moment" when Intuit—which is transferring its 43 million Quicken users to Mint—made the offer, Patzer tells...

TurboTax Tries to Avoid '07 Filing Nightmare
TurboTax Tries to Avoid '07 Filing Nightmare
Tax Day
Apr 15, 2008 9:19 AM CDT

TurboTax Tries to Avoid '07 Filing Nightmare

No error messages this time around, Intuit promises

(Newser) - It’s April 15 again, and perhaps nobody has their fingers crossed quite like Intuit software. A year ago 170,000 people rushed to file last-minute tax returns online through TurboTax… only to get an error message, delaying their filings for up to 13 hours. This year, Intuit’s done...

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