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All Posts Term: TurboTax
2 post(s) found
Home Business

TurboTax Fraud Issues Halt State Filing For a Day

TurboTax State Returns

Last Friday around 6pm, TurboTax resumed state filing after a day of pausing the process as a number of fraud filings were sent through the service. Identify thief's are using the popular tax software to file fake state returns for individuals who’s information has been stolen.  The refunds are cashed by the thieves without the affected government agency or the individual knowing there was an issue. CEO of Intuit, Brad Smith, reported that his company attacked the issue and felt comfortable moving forward within the 24 hour period.

Technology

TurboTax Deluxe Issue And H&R Block

TurboTaxDeluxe

It is that time of year again "Tax Season" and everyone needs to start thinking about filing his or her tax returns.

TurboTax has made some "Tax Software" changes for this year and that leads to a software war between TurboTax and H&R Block.

MousePrint which is a sister site to ConsumerWorld.org sent out a warning for TurboTax users earlier this week. According to MousePrint regular customers of the TurboTax Deluxe software program used to help with the preparation of tax forms are in for a big surprise this year. The surprise involves the Intuit INTU-1.01%'s version of TurboTax Deluxe. This top selling desktop version of TurboTax will require an upgrade for the Premier and higher edition versions. This will affect the Q&A sections for Schedules C (self-employment income and all expenses), D (investments), and E (rental and partnership income) on the TurboTax Deluxe software. The full interview sections will no longer be on the TurboTax Deluxe software. This will require an upgrade for the already purchased TurboTax software. Therefore this will require more money spent by TurboTax customers.

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