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Search resuls for: "Intuit's"


9 mentions found


☆ TurboTax is paying out $141 million in settlement checks to 4.4 million Americans this month. Here's how to know if you get one.
  + stars: | 2023-05-05 | by ( Aaron Mcdade | ) www.businessinsider.com   time to read: +3 min
Payments from a $141 million TurboTax settlement will be sent to 4.4 million Americans this month. TurboTax and parent company Intuit agreed to the settlement last year over allegedly deceptive ads. In 2016, 2017, and 2018 millions of Americans paid TurboTax to file their taxes when the IRS would have done it for free. An estimated 4.4 million Americans will soon receive checks as part of a $141 million settlement from Intuit, the parent company of popular tax filing software TurboTax. The state attorneys general said the company deceived Americans with advertising campaigns that emphasized its products were "free, free, free" when its gratis program only covers Americans with "simple" tax returns, as defined by the company.
☆ TurboTax payments for $141 million settlement to begin next week. Here's who qualifies
  + stars: | 2023-05-05 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
Getty ImagesWho qualifies for a TurboTax settlement paymentYou may qualify for the settlement if you used TurboTax for federal returns for tax years 2016, 2017 or 2018, but were eligible for the free version of the software through IRS Free File. The settlement applies to those who were eligible for Free File and started 2016, 2017 or 2018 federal returns with Intuit's free software. Taxpayers qualified for Free File for 2022 with an adjusted gross income of $73,000, but the threshold was $64,000 for tax year 2016, according to the Free File Alliance. While most eligible consumers are expected to receive about $30, you may get up to $85 if you used TurboTax for the three consecutive years named. Although payments begin in May, some checks won't reach consumers until early June, depending on the mailing date, according to the settlement website.
☆ This dating-simulator game says it'll help prepare your taxes as you play — and criticizes TurboTax as 'predatory'
  + stars: | 2023-03-23 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +4 min
MSCHF announced a free dating simulator that it says helps prepare your 2022 US federal tax return. The game is scheduled to launch April 4, but its listing on the Steam platform has been removed. A screenshot from MSCHF's "Tax Heaven 3000" website, showing a character description for "Turbo." The dating simulator is scheduled to launch on April 4, but the game's storefront page has been removed from the popular platform Steam. A screenshot from MSCHF's "Tax Heaven 3000" dating simulator.
☆ This week’s best performers include Nvidia and this tax stock
  + stars: | 2023-02-24 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Nvidia and software stock Ansys were the best performers this week, rising more than 7% each. Analysts see the stock trading in a tight range going forward, however, with the average price target for Nvidia implying upside of just 5%, FactSet data shows. Analysts expected earnings of $2.82 per share on revenue of $647 million, according to StreetAccount. The company's first-quarter earnings per share forecast of $1.53 to $1.71 after adjustments also topped a consensus estimate of $1.41 per share. Earlier this week, Wells Fargo analyst Michael Turrin said the stock could gain roughly 20% going forward.
☆ This under-the-radar stock has 20% upside and could get a boost during tax season, Wells Fargo says
  + stars: | 2023-02-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +1 min
Tax season is shining a spotlight on Intuit , and it could be a catalyst for the maker of TurboTax software. "The IRS began accepting e-filings in late January, which brings the TurboTax-led consumer segment of Intuit into greater focus for investors," wrote Wells Fargo analyst Michael Turrin in a Wednesday report. "We think the relative resilience of Intuit's core businesses is flying under the radar currently and focus in on tax season as a catalyst in this report," he said. Turrin rated the stock overweight and gave it a price target of $475 per share – or upside of 19.9% from Tuesday's close. Intuit's TurboTax is also outpacing its competitors, expanding at a 4.3% compound annual growth rate since 2012, versus 3.1% for others in the DIY tax prep space, according to Wells Fargo.
☆ Save, don't spend, warns Intuit's CEO, as he notices 'good behavior' around money habits eroding
  + stars: | 2023-01-10 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +4 min
That's partially due to inflation woes, but spending on travel and recreation still remains high. That's largely due to an unprecedented boon in cash from stimulus checks and other pandemic aid along with reduced spending amid the pandemic. Inflation has been eating into Americans' wallets for the last two years, but it's not the only reason savings are falling. Spending has remained strong overall, especially for in-person services that were especially constrained during the worst of the pandemic, said Goodarzi. Credit bureau Experian defines a score of 580 to 669 as "fair," and most Americans fall somewhere between 600 and 750.
☆ From Amazon to The Trade Desk, experts predict these companies will be the most active acquirers of advertising businesses next year
  + stars: | 2022-12-27 | by ( Lara O'Reilly | ) www.businessinsider.com   time to read: +7 min
There's a strong interest from acquirers in hot trends like commerce media and data consultancy. Experts predicted the companies most likely to be acquirers of advertising businesses in 2023. Many industry observers expect advertising industry M&A deal volume and value to be down next year due to volatile macroeconomic conditions. Experts across the advertising industry — from consultants, to agency executives, analysts, investors, and adtech leaders — named the companies likely to be active in the advertising M&A market in 2023 and why. Apple could make an under-the-radar adtech acquisition for its sleeping giant advertising businessIndustry insiders predict Apple has big plans for its $5 billion-and-growing advertising business next year.
☆ We're assuming unemployment and delinquency rates will get worse, says Intuit CEO
  + stars: | 2022-11-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're assuming unemployment and delinquency rates will get worse, says Intuit CEOSasan Goodarzi, Intuit CEO, joins 'TechCheck' to discuss the company's quarterly earnings results, the small business side of operations and how Intuit's Credit Karma business will fare in more trying economic times.
☆ This 'defensive' software stock could jump 70% going forward, Mizuho predicts
  + stars: | 2022-11-30 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking guidance for its Credit Karma and Small Business verticals. The company also lowered its fiscal 2023 guidance. The 2023 guidance for Intuit's Small Business vertical is similarly "achievable," especially as the the business outperformed in the most recent quarter, according to the note.
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