TurboTax, the leader in consumer level tax software has been sued by the Federal Trade Commission for its deceptive “free” tax filing campaign. The FTC seeks an immediate halt to Intuit’s deceptive advertising for “Free” tax filing products. According to the FTC, TurboTax has been bombarding consumers with ads for ‘free’ tax filing services, and then hitting them with charges when it’s time to file. They’re asking a court to immediately halt this bait-and-switch practice, and to protect taxpayers.
Many consumers who took the time to gather their documents, entrust their personal information to Intuit, and begin the filing process, found that they could not file their taxes for free. Do you use Turbotax? Were you duped by their seemingly “free” tax filing ads? Later in the video, I share an important taxpayer horror story.
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Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.
