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The Latest Breaking News from Intuit

Intuit spent billions in a massive bet on A.I. and just revealed its new virtual assistant

Will millions of tax filers and small business owners trust personalized advice from A.I.? CEO Sasan Goodarzi is betting the future of his company that they will.

Fortune

Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system

The Independent UK

A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom

Goldman’s vice president of U.S. equity strategy, Ryan Hammond, believes an A.I.-enabled productivity and cost-cutting boom will boost corporate earnings for years to come.

Fortune

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Affirm Holdings (AFRM) vs. Intuit (INTU): Which Stock Is More Likely to Beat Earnings on Thursday?

The operator of digital commerce platform Affirm Holding (AFRM) and financial tech company Intuit (INTU) are scheduled to report their fourth quarter and fiscal year 2023 results tomorrow after the market close. Let’s determine which stock is more likely to beat earnings expectations. Continue reading….

StockNews.com

IRS steps toward a new free-file tax return system have both supporters and critics mobilizing

Plans by the IRS to test a new electronic free-file tax return system next year have got supporters and critics of the idea mobilizing over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else to figure out what…

The Independent UK

Things to do in Chicago July 6-12: The Mix

Millennium Park movies, the Chosen Few picnic and the Square Roots festival are among the entertainment highlights of the week ahead.

Chicago Sun-Times

How a Fortune 500 tech company is helping transgender employees weather an anti-trans backlash

Financial-software giant Intuit has listened to and stood up for its transgender staff at a pivotal time.

Fortune

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‘Prairie Boat’ highlights attention to work at Beaubien Woods

“Prairie Boat,” a new gathering space at Beaubien Woods, highlights changes and updates at the often neglected site on the Southeast Side.

Chicago Sun-Times

Amazon and Google fund anti-abortion lawmakers through complex shell game

Blue-chip companies gave to Republican group funneling money to lawmakers who overturned abortion-ban veto in North Carolina

The Guardian - US

Traders May Be Overreacting to Less-Than-Ideal News for Intuit (INTU)

Although tax-prep software specialist Intuit delivered a mixed earnings performance and incurs possible governmental competition, INTU stock remains a relevant idea.

Barchart

Will an IRS Tax Prep Service Replace H&R Block or TurboTax?

IRS Direct File has some wondering if people will leave H&R Block and TurboTax and let the IRS do their taxes.

Kiplinger

IRS moves forward with free e-filing system in pilot program to launch in 2024

The IRS is planning to launch a pilot program for a government-run, online tax filing system that’s free for all

The Independent UK

Simplify the Tax Code Instead of Creating an IRS Rival to TurboTax

Americans collectively spend billions of hours each year preparing their taxes. Rather than adding a government-run website into the mix, politicians should just simplify the tax code.

Reason

Stocks Rise on Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is up +0.09%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.01%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.35%. U.S. stock index futures this morning are moderately higher...

Barchart

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Fortune

Would you trust the IRS to prepare your taxes? Upcoming report could lead to government-run tax prep option

Pending report could set off a number of fights.

Barchart

Markets Today: Stocks Slide Despite Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.31%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.35%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.11%. U.S. stock index futures this morning are moderately lower...

Barchart

Markets Today: Stocks Climb on Debt Ceiling Optimism

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.17%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.15%. U.S. stock index futures this morning are moderately higher on hopes a deal on the debt ceiling can be reached. President Biden will reconvene with...

Fortune

Payments are on the way to more than 4.4 million TurboTax users. Are you one of them?

Millions qualify for part of $141 million settlement.

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Kiplinger

TurboTax Settlement Checks Headed to 4.4 Million Customers

Millions of Intuit TurboTax users will begin receiving settlement checks in the mail this week. Here's what you need to know.

Chicago Sun-Times

TurboTax customers, deceived into paying for what should have been free, will get checks soon from $141M settlement

Those affected were low-income consumers eligible for free tax services — but paid TurboTax to file their IRS returns during the 2016, 2017 and 2018 tax years due to “predatory and deceptive marketing.”

The Independent UK

TurboTax customers to receive checks for $141M settlement

In a settlement agreement last year, TurboTax’s owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns — despite being eligible for free, federally-supported tax services

TechRadar

Intuit Quickbooks Payroll review

Businesses will find the extensive range of features inside Intuit Quickbooks Payroll perfect for streamlining administration tasks

Tribune News Service

Intuit fires man after Instagram posts falsely linking drag shows to child sexual abuse: lawsuit

A former employee for Intuit, the Mountain View, California-based financial software giant and TurboTax owner, claims in a new lawsuit that the company illegally fired him for social media posts linking drag queens to sexual abuse of children.

The Independent UK

New push on US-run free electronic tax-filing system for all

It’s that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesday’s filing deadline, and many often pay to use software from private companies such as Intuit and H&R Block

Los Angeles Times

How to file your taxes and get your refund for free in 2023

Historically, April is tax time. (We will hold briefly for boos.) But there is a silver lining. Two, actually: Most people don’t need to pay for special software to file them. And if you’re fortunate enough to be a Californian, your state and federal taxes probably aren’t due until October.

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