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Why Turbotax Was Sued by the FTC for “Free” Tax Filing?
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TurboTax, the leader in consumer level tax software has been sued by the Federal Trade Commission for its deceptive “free” tax filing campaign. The FTC seeks an immediate halt to Intuit’s deceptive advertising for “Free” tax filing products.
According to the FTC, TurboTax has been bombarding consumers with ads for ‘free’ tax filing services, and then hitting them with charges when it’s time to file. They’re asking a court to immediately halt this bait-and-switch practice, and to protect taxpayers.
Many consumers who took the time to gather their documents, entrust their personal information to Intuit, and begin the filing process, found that they could not file their taxes for free.
Do you use Turbotax? Were you duped by their seemingly “free” tax filing ads? Later in the video, I share an important taxpayer horror story.
Since the recording of this video, TurboTax announced a $141 million settlement from a prior lawsuit for tax years 2016 through 2018. In addition to paying restitution, Intuit has agreed to suspend its "free, free, free" ad campaign. Affected consumers can expect to receive a direct payment of $30 for each year they were deceived.
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Hey there, welcome to my channel! I'm Noel Lorenzana, a Registered CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
🎥 RECOMMENDED VIDEOS 🎥
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based upon this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - TurboTax Deceptive Free Tax Filing Campaign
01:01 - The Federal Trade Commission Has Sued TurboTax, a Tax Software
01:45 - Intuit TurboTax Misleading Video Commercial
02:20 - How TurboTax Campaign is a Pain to Misled Taxpayers
02:57 - How Many of Tax Professionals Hate TurboTax
03:38 - Quick True Story on $34,000 Cost Do-it-Yourself Mistake
05:30 - TurboTax Deceptive Campaign and Its Lesson
#TurboTax #TurboTaxCommercial #TurboTaxReview
According to the FTC, TurboTax has been bombarding consumers with ads for ‘free’ tax filing services, and then hitting them with charges when it’s time to file. They’re asking a court to immediately halt this bait-and-switch practice, and to protect taxpayers.
Many consumers who took the time to gather their documents, entrust their personal information to Intuit, and begin the filing process, found that they could not file their taxes for free.
Do you use Turbotax? Were you duped by their seemingly “free” tax filing ads? Later in the video, I share an important taxpayer horror story.
Since the recording of this video, TurboTax announced a $141 million settlement from a prior lawsuit for tax years 2016 through 2018. In addition to paying restitution, Intuit has agreed to suspend its "free, free, free" ad campaign. Affected consumers can expect to receive a direct payment of $30 for each year they were deceived.
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
💜 Show Your Support: Fuel Our Channel with a Cup of Coffee! ☕️
📘 FREE EBOOK FOR ENTREPRENEURS!
📖 Transform Your Accounting - Learn Modernization Concepts in My Book Today!
👪 Join My Free Facebook Group and Connect with CPAs and Tax Pros!
Hey there, welcome to my channel! I'm Noel Lorenzana, a Registered CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
🎥 RECOMMENDED VIDEOS 🎥
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based upon this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - TurboTax Deceptive Free Tax Filing Campaign
01:01 - The Federal Trade Commission Has Sued TurboTax, a Tax Software
01:45 - Intuit TurboTax Misleading Video Commercial
02:20 - How TurboTax Campaign is a Pain to Misled Taxpayers
02:57 - How Many of Tax Professionals Hate TurboTax
03:38 - Quick True Story on $34,000 Cost Do-it-Yourself Mistake
05:30 - TurboTax Deceptive Campaign and Its Lesson
#TurboTax #TurboTaxCommercial #TurboTaxReview
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