Intuit's Turbo Tax dinged for ‘free' tax filing services, will pay $141 million to customers [FOX Business Network]
Intuit Inc. (INTU)
Last intuit inc. earnings: 2/24 04:01 pm
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Source: FOX Business Network
Intuit has agreed to pay a $141 million settlement after a multi-state investigation led by the New York Attorney General's office found that the TurboTax owner engaged in deceptive and unfair trade practices to steer low-income Americans toward its commercial products and away from federally-supported free tax services. Ticker Security Last Change Change % INTU INTUIT INC. Powered By The investigation was sparked by a 2019 ProPublica report that cited documents in which Intuit executives knew they were deceiving customers by advertising free services that were not in fact free to everyone. "The website lists Free, Free, Free and the customers are assuming their return will be free," an internal company PowerPoint presentation said. "Customers are getting upset." IRS CHIEF PUSHES CONGRESS FOR LAW CHANGE ON LAND-RIGHTS TAX DEALS Up until July 2021, TurboTax allowed taxpayers earning roughly $34,000 and members of the military to file their taxes for free throug
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INTU
News
- Global Legal Practice Management Software Market Projected to Reach $4.74 Billion by 2028 [Yahoo! Finance]Yahoo! Finance
- Intuit Partners with The Farmlink Project to Address Climate Change By Tackling Food Waste and Methane Gas Emissions [Yahoo! Finance]Yahoo! Finance
- Intuit Partners with The Farmlink Project to Address Climate Change By Tackling Food Waste and Methane Gas EmissionsBusiness Wire
- Intuit Inc. (NASDAQ: INTU) had its price target raised by analysts at KeyCorp from $700.00 to $720.00. They now have an "overweight" rating on the stock.MarketBeat
- Persefoni releases free, self-guided software for Scope 3 supply chain management [Yahoo! Finance]Yahoo! Finance
INTU
Earnings
- 2/22/24 - Beat
INTU
Sec Filings
- 3/21/24 - Form 4
- 3/20/24 - Form 144
- 3/4/24 - Form 4
- INTU's page on the SEC website