In a major regulatory ruling, the Federal Trade Commission (FTC) has banned Intuit Inc., the parent company of TurboTax, from advertising its services as "free" unless they are absolutely free for all customers or if eligibility is clearly defined.
Issued on Monday, the decree states that Intuit allegedly practices deceptive advertising claiming that taxpayers could file their taxes for free using TurboTax, but many individuals did not really qualify for such free services. FTC's order, however, does not include a financial penalty.
