Intuit: Difference between revisions

{{InfoboxCompany

| Name = Intuit, inc.

| Type = Public

| Industry = [[:Category:Financial services companies|Financial Services]]

| Official Website = [https://www.intuit.com/ intuit.com]

}}

'''Intuit, inc.''' is a [[:Category:Financial services companies|financial software company]] based out of Mountain View, California under current CEO Sasan Goodarzi.<ref>{{Cite web |title=Intuit Careers |url=https://www.intuit.com/careers/locations/ |url-status=live |archive-url=https://web.archive.org/web/20250710020943/https://www.intuit.com/careers/locations/ |archive-date=27 July 2025 |access-date=11 Aug 2025 |website=Intuit.com}}</ref><ref>{{Cite web |title=Intuit Executives |url=https://www.intuit.com/company/executives/sasan-goodarzi/ |url-status=live |archive-url=https://web.archive.org/web/20250727034727/https://www.intuit.com/company/executives/sasan-goodarzi/ |archive-date=27 July 2025 |access-date=11 Aug 2025 |website=Intuit.com}}</ref> The company contains a variety of products and services such as: tax preparation with TurboTax, personal credit monitoring through Credit Karma, commercial accounting under Quickbooks, and MailChimp for email marketing.<ref>{{Cite web |title=Intuit Homepage |url=https://www.intuit.com/ |url-status=live |archive-url=https://web.archive.org/web/20250729013129/https://www.intuit.com/ |archive-date=30 July 2025 |access-date=11 Aug 2025 |website=Intuit.com}}</ref> Founded in 1983, 42 years ago, the company grew rapidly into a financial giant with US$16.3 billion of revenue in 2024 alone.<ref>{{Cite web |title=Intuit Origins |url=https://www.intuit.com/company/origins/ |url-status=live |archive-url=https://web.archive.org/web/20250422010252/https://www.intuit.com/company/origins/ |archive-date=22 Apr 2025 |access-date=11 Aug 2025 |website=Intuit.com}}</ref><ref>{{Cite web |title=UNITED STATES SECURITIES AND EXCHANGE COMMISSION |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/896878/000089687824000039/intu-20240731.htm |url-status=live |access-date=11 Aug 2025 |website=sec.gov}}</ref>

== Controversies ==

=== Misleading Consumers ===

Intuit offered "TurboTax Free Edition" which concluded in not being free for most consumers. Intuit, among other tax software companies, spent millions of dollars lobbying against the Internal Revenue Service (IRS) creating their own tax preparation and filing software, eventually succeeding and making it illegal for the IRS to create its own tax filing system.<ref>{{Cite news |last=Popken |first=Ben |date=March 23, 2017 |title=TurboTax, H&R Block Spend Big Bucks Lobbying for Us to Keep Doing Our Own Taxes |url=https://www.nbcnews.com/business/taxes/turbotax-h-r-block-spend-millions-lobbying-us-keep-doing-n736386 |url-status=live |archive-url=https://web.archive.org/web/20250704142341/https://www.nbcnews.com/business/taxes/turbotax-h-r-block-spend-millions-lobbying-us-keep-doing-n736386 |archive-date=04 July 2025 |access-date=11 Aug 2025 |work=[[NBC News]]}}</ref><ref>{{Cite news |last=Elliot |first=Justin |date=April 9, 2019 |title=Congress Is About to Ban the Government From Offering Free Online Tax Filing. Thank TurboTax. |url=https://www.propublica.org/article/congress-is-about-to-ban-the-government-from-offering-free-online-tax-filing-thank-turbotax |url-status=live |archive-url=https://web.archive.org/web/20250727090707/https://www.propublica.org/article/congress-is-about-to-ban-the-government-from-offering-free-online-tax-filing-thank-turbotax |archive-date=27 July 2025 |access-date=11 Aug 2025 |work=[[ProPublica]]}}</ref> Afterwards, the IRS agreed to allow tax companies to offer a "Free File" product instead. An investigation led by non-profit investigative journal ProPublica elucidated the advertising malpractice by Intuit, including: search engine delisting, advertising the "Free Edition" product only, and offering deceptive discounts to military members. <ref>{{Cite news |last=Elliot |first=Justin |date=April 26, 2019 |title=TurboTax Deliberately Hid Its Free File Page From Search Engines |url=https://www.propublica.org/article/turbotax-deliberately-hides-its-free-file-page-from-search-engines |url-status=live |archive-url=https://web.archive.org/web/20250727085420/https://www.propublica.org/article/turbotax-deliberately-hides-its-free-file-page-from-search-engines |archive-date=27 July 2025 |access-date=11 Aug 2025 |work=[[ProPublica]]}}</ref><ref>{{Cite news |last=Elliot |first=Justin |date=May 23, 2019 |title=TurboTax Uses A “Military Discount” to Trick Troops Into Paying to File Their Taxes |url=https://www.propublica.org/article/turbotax-military-discount-trick-troops-paying-to-file-taxes |url-status=live |archive-url=https://web.archive.org/web/20250626224756/https://www.propublica.org/article/turbotax-military-discount-trick-troops-paying-to-file-taxes |archive-date=26 June 2025 |access-date=11 Aug 2025 |work=[[ProPublica]]}}</ref>  

=== Lobbying Against Consumer Interests ===

Intuit has spent US$25.6 million dollars in lobbying since 2006. Their most influential lobbying endeavor was colluded together with various companies in a group called the ''"Free File Alliance",'' in efforts to stop the IRS from developing their own tax preparation solution.<ref>{{Cite news |title=Taxpayer advocates want the IRS to offer a free electronic tax-filing system. Intuit and H&R Block have spent millions lobbying against it |url=https://fortune.com/2023/04/17/taxpayer-advocates-irs-free-electronic-tax-filing-system-intuit-hr-block-spent-millions-lobbying-against/ |url-status=live |archive-url=https://web.archive.org/web/20250717060543/https://fortune.com/2023/04/17/taxpayer-advocates-irs-free-electronic-tax-filing-system-intuit-hr-block-spent-millions-lobbying-against/ |archive-date=17 July 2025 |access-date=11 Aug 2025 |work=[[Fortune]]}}</ref>