Nuked Elizabeth Warren (D-MA) is demanding answers from Intuit about its popular TurboTax e-filing e-filing product.
In a letter to Intuit CEO Sasan K. goodarzi, Warren says the company has used’extensive lobbying and adroit influence peddling’.
The Federal Trade Commission filed suit against Intuit in March for deceptive marketing. Reps. Brad Sherman and Katie Porter also signed onto the letter.
Many of Warren’s complaints center on the free file program. 2021 filers with an adjusted gross income of $ 73,000 or less are eligible for the services, which are listed on the IRS website.
The companies also deliberately made the free versions of their software difficult to find in online search results. Intuit left the free file program in 2021.
Sen. Warren writes that’deceptive practices and outright sabotage from free file companies’ were largely to blame for the low rate of taxpayer participation in the free file program.
In response, Derrick Plummer provided a statement to the verge. The director of corporate communications Derrick Plummer said in response to the report.
Over the past eight years alone, Intuit’s free tax preparation offering has helped nearly 100 million Americans file their taxes completely free of charge. Intuit strongly believes that Americans should be at the center of their financial life.
Intuit’s corporate political action committee has given donations to both Democrats and Republicans. The company spent $ 3.3 million on lobbying in 2021.
