TurboTax is an American tax preparation software package developed by Michael A. Chipman of Chipsoft in the mid-1980s. Intuit acquired Chipsoft, based in San Diego, in 1993. Chipsoft, now known as Intuit Consumer Tax Group, is still based in San Diego, after moving to a new office complex in 2007. Intuit Corporation is headquartered in Mountain View, California.
TurboTax for Mac was originally named MacinTax, and developed by SoftView. SoftView is in turn bought by ChipSoft.
TurboTax is one of the most popular income tax software packages in the United States, along with its main competitors, Jackson Hewitt, H & amp; R Block at Home, TaxSlayer, and TaxAct.
Video TurboTax
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There are a number of different versions, including TurboTax Deluxe, TurboTax Premier, etc. TurboTax is available for federal and state income taxes. This software is designed to guide users through step-by-step tax returns. TurboTax software provides additional support to taxpayers for their self-made payback by offering Defense Audit from TaxResources, Inc.
Typically, TurboTax federal software is released year-end and country software is released mid-January to mid-February. TurboTax typically releases its new version as soon as the IRS completes the revision on the form and approves the TurboTax version, usually late in the tax year. A similar process for a country that collects income tax.
In 2001, TurboTax stores the financial institution passwords entered by users to servers on Intuit and home computers. Programming errors are reported to be fixed, but in 2012, Turbo Tax does not offer the option to download data files directly from financial institutions. Instead, it asks the user for their login name and password in a financial institution or allows data to be entered by hand.
In 2003, Intuit faced vocal criticism for his TurboTax activation scheme. The Company responded by removing the product activation scheme from its products. In 2005, TurboTax expanded its offerings by allowing every taxpayer to use the basic version of his federal product for free as part of the Free File Alliance. In 2006 the offer was limited to online tax preparation and free e-files for taxpayers whose adjusted gross income was $ 28,500 or less (or $ 52,000 for those in the military) and 50 or below. TurboTax has received numerous complaints regarding its free version of the ad. For archivists using the basic version of this software, federal submissions are free. However, state tax filing is not free, and the cost of using TurboTax to file a state refund is not presented to users until they have finished entering their information for federal refund.
In 2008, Intuit raised TurboTax prices for desktop subscribers for $ 15 and included free e-filing for the first set of returns. The new company's "Re-Payment" policy is criticized for adding a $ 9.95 fee to print or e-file any additional returns after the first, including returns prepared for the same household member. On December 12, 2008, the company announced that it had canceled its new policy.
On January 21, 2009, TurboTax received considerable public attention at Senate confirmation hearing Timothy F. Geithner to become US Treasury Secretary. Geithner has testified that he used TurboTax to prepare his tax refund for 2001 to 2004 but has misapplied the entrepreneurial tax resulting from being employed by the International Monetary Fund. Geithner explains that he is responsible for the error, found in the next IRS audit, and does not blame TurboTax. Geithner paid $ 42,702 in tax returns. Intuit responded by releasing a statement saying "TurboTax, and all personal tax preparation software and services, based their calculations on user-provided information when completing their returns."
In 2014 the Times of San Diego reported that 48% of Americans are unaware they should report their health insurance status on their 2014 tax returns, this report is based on a TurboTax survey conducted by Harris Poll.
Maps TurboTax
International version
Intuit also discussed a Canadian tax return with a completely separate product that was also named TurboTax, but was previously called QuickTax. The French version has retained its original name ImpÃÆ'Â'tRapide until 2017, when it was renamed TurboImpÃÆ'Â't.
Controversy
Write to boot path
The 2003 version of the TurboTax software contains digital rights management that is tracked whether it was previously installed on the computer by writing to sector 33 on the hard drive. This allows it to track if it was on a previous computer, even through reinstalling the operating system. This also causes conflicts with some boot loaders that store data there, making the computer unbootable.
Opposition for free archiving
Intuit, the owner of TurboTax, spent more than $ 11 million to lobby federal between 2008 and 2012. Intuit "opposes the IRS government tax preparation," especially allows taxpayers to apply for free returns, in systems similar to the ReadyReturn service already established. in California. The company also lobbies bills in 2007 and 2011 that will deter the Ministry of Finance, which includes the IRS, from initiating a free re-submission. An Intuit spokeswoman said in early 2013 that "Like many other companies, Intuit is actively participating in the political process." He said that the free-back filing has "implications for accuracy and fairness in taxation." This led journalist Dylan Matthews to propose a boycott of the company in 2017.
In Form 10-K 2012, Intuit said that "We anticipate that government encroachment at both the federal and state levels can present a sustainable competitive threat to our business for the foreseeable future."
Repositioning the
In January 2015 it was found that the Deluxe version no longer supports IRS Schedule C, D, E, and F in interview mode. Although the Deluxe version still allows entry into the schedule using the "form mode", this can lead to the loss of the ability to file electronically. In addition, the Premium version no longer supports Schedule C or F in interview mode. Intuit was widely criticized for this change and responded with short-term mitigation, although it has not reversed the decision. On February 5, 2015, Intuit sent a second email apology to current and previous customers regarding the decision to remove certain schedules of Deluxe and Premium versions. Intuit also apologized for their poorly received initial apology sent on January 27. In a Feb. 5 message Intuit announced that they would reverse course in their Deluxe and Premium 2015 versions, including a schedule historically included in the software.
Refund claims
In an article by Brian Krebs on February 15, 2015, it was reported that Intuit Inc. suspend the transmission of state taxes temporarily due to a surge in complaints from consumers about refunds that have been claimed on their behalf.
In a subsequent article on February 22, 2015, Krebs reported that it was alleged by two former Intuit employees deliberately allowing back fraud to be processed on a large scale as part of an income-generating scheme. Both employees, former members of the security team for the company, claimed that the company had ignored repeated warnings and suggestions on how to prevent fraud. One of the employees reportedly filed a whistleblower complaint with the Securities and Exchange Commission.
Reception
BYTE in 1989 listed MacInTax as one of the BYTE Awards "Distinction" winners, stating that "some of us have found it to be our favorite... a must if you do your own tax ".
See also
- CompleteTax
References
External links
- Official website
Source of the article : Wikipedia
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