Turbo Tax products and services made up 35 percent of Intuit's .2 billion in total revenues last year.Versions of Turbo Tax for individuals and small businesses range in price from free to 0.(Update 4/18: Norquist's spokesman, John Kartch, disputes that "Norquist declined comment." During the course of reporting the story, we contacted Kartch to get a comment from Norquist, to which Kartch simply referred us to the letter.) A year after Norquist wrote Bush, a bill to limit return-free filing was introduced by a pair of unlikely allies: Reps.Eric Cantor, R-Va., the conservative House majority leader, and Zoe Lofgren, D-Calif., a liberal stalwart whose district includes Silicon Valley.Her office also released a report on the tax industry’s opposition to simpler filing solutions.It cited the article below as well as another story we did on how a rabbi, civil rights activist, and others were misled into supporting Intuit’s campaign.
Intuit argues that allowing the IRS to act as a tax preparer could result in taxpayers paying more money.
The government-prepared return would estimate your taxes using information your employer and bank already send it.
Advocates say tens of millions of taxpayers could use such a system each year, saving them a collective billion and 225 million hours in prep costs and time, according to one estimate.
Update, April 14, 2016: In 2013, we detailed how Intuit has lobbied against allowing the government to estimate your taxes for you.
So this week, we called Intuit and asked if they still oppose free, government-prepared returns. “Our legislative, our policy position on that hasn’t changed,” said spokeswoman Julie Miller.