Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Intuit Responds to Court Decision Barring IRS From Regulating Tax Preparers



  Intuit Responds to Court Decision Barring IRS From Regulating Tax Preparers

Business Wire

SAN DIEGO -- January 22, 2013

Intuit Inc. (Nasdaq: INTU) responded today to a decision of the U.S. District
Court for the District of Columbia that prevents the Internal Revenue Service
from regulating non-professional tax return preparers.

The ruling, issued Jan. 18, could affect up to 700,000 tax return preparers
who won’t have to obtain credentials, ranging from independent preparers to
employees at national storefronts, such as H&R Block.

The following statement can be attributed to Dan Maurer, senior vice president
and general manager of Intuit’s Consumer Tax Group:

"Intuit supports efforts to strengthen and enhance the tax preparation
services industry and is disappointed in the court decision regarding IRS
industry oversight. The public interest is best served when all competing tax
service providers meet high standards. Intuit testified in support of the IRS
effort at the public hearing IRS conducted in Chicago in September 2010.

"For almost 30 years, Intuit's TurboTax® has been dedicated to delighting
customers through innovation, quality and ease of use, putting the power in
peoples’ hands to help them keep more of their hard-earned money. All TurboTax
tax experts are highly qualified certified public accounts, IRS enrolled
agents and tax attorneys. That’s why more Americans trusted their federal
taxes to TurboTax last year than H&R Block stores and all other major tax
stores combined.

"We believe the drive toward raising overall tax industry standards must and
will continue and the recent court decision is not the end of this important
national journey. In the meantime, we will continue to comply, as we always
have, with return preparer requirements and other regulations issued by IRS as
they apply to Intuit's tax products and services."

About Intuit

Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting professionals. Its
flagship products and services, including QuickBooks®, Quicken® and TurboTax®,
simplify small business management and payroll processing, personal finance,
and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading
tax preparation offerings for professional accountants. Intuit Financial
Services helps banks and credit unions grow by providing on-demand solutions
and services that make it easier for consumers and businesses to manage their
money.

Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year
2012. The company has approximately 8,500 employees with major offices in
the United States, Canada, the United Kingdom, India and other locations. More
information can be found at www.intuit.com.

Intuit, the Intuit logo and TurboTax, among others, are registered trademarks
and/or registered service marks of Intuit Inc. in the United States and other
countries.

Contact:

Intuit Inc.
Julie Miller, 858-215-8469 (Media)
Julie_miller@intuit.com
or
Intuit Inc.
Matt Rhodes, 650-944-2536 (Investors)
matt_rhodes@intuit.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement