Financial blogger Felix Salmon wants to know why there isn’t regulatory oversight of Mint and other financial management websites, especially if they’re going to sell data created from their users’ transaction histories. [More]
Are you up-to-date with all the tax code changes this year? The TurboTax blog rounds up some of the newest tax credits and highlights deductions that people sometimes sleep on, like the long-term resident credit and unemployment and job search deductions. More coin in your coinpurse means you can buy all the churros you want this year! Update: Looks like we broke their blog. Here’s a cached copy of the post in question. [More]
It didn’t take long for Intuit to start ruining a great product. They’ve begun upselling Mint.com customers to two “free” credit report sites that are anything but. UPDATE: Turns out Mint was already doing this pre-Intuit. Bully for them.
When news broke back in September that Intuit, the company behind Quicken, was buying personal finance website Mint, everyone wondered how the two services would co-exist. The worst case scenario was that Mint would be absorbed somehow into Intuit’s in-house competitor, Quicken Online. Thankfully, it looks like the opposite will happen.
I blanched when I saw the subject line, “Mint.com to be acquired by Intuit, maker of Quicken.” More like “Mint.com to be acquired by Intuit, makers of crap,” I thought. Judging by your comments, I don’t blanch alone.
Today we posted a Morning Deal for “free” LLC/corporation filing from MyCorporation, a company owned by Intuit (TurboTax, Quickbooks). A one-time “customer” from MyCorporation—he never actually went through with their free service, but filled out the initial forms—contacted us with his own story of how he’s been bugged by spam and free offers on a weekly basis ever since he dealt with them.
Got a Federal tax question you can’t figure out? Input your question at FreeTaxQuestion.com now through Jan 31st and they will call you back within 24 hours with an answer or guidance. Limit one question per person.
Sick of overdrafts? Don’t feel like juggling your bank balance in your head? Quickenbeam from Intuit is a new free service, in beta, that lets you check your account balances, no matter what bank you have, from your cellphone.
When a taxpayer files electronically through TurboTax, the information goes first to Intuit’s data center, where the file is batched with others and then sent to I.R.S. computers. The process is almost instantaneous, the company said — when everything goes right. “We are just the transmitter of the return,” said Julie Miller, a spokeswoman for the Intuit TurboTax unit. “In the middle there are no additional steps we are taking.”
TurboTax sent an email this morning to customers saying sorry for the big server slowdown on April 17th, and pledging refunds to any one who tried to file that day.
Tax procrastinators can stop biting their cuticles, the IRS says they won’t fine anyone who couldn’t file due to Turbo Tax server difficulties.
We followed up with Derek about his experience with last night’s Turbo Tax system slowdown.
Yep, looks like Turbo Taxes servers were totally bunged up last night. Some people were sitting there for hours, waiting for a confirmation after hitting submit. Intuit, makers of Turbo Tax, contacted the IRS but there’s been no official word whether people unable to submit their taxes by the midnight deadline will get an extension. Some statement from the IRS should be out today.
Apropos of yesterday’s budgeting poll, Intuit released a new patch for Quicken 2007.
Last week Intuit, makers of Turbo Tax, sued H&R Block for mimicking its advertising campaign. Block’s ad “copies the physical appearance, dress and mannerisms of the characters in the TurboTax ad, as well as the set, staging and pace of the advertisement,” said Intuit in a statement.