Free Tax Filings Threaten $4 Billion TurboTax Business

Free Tax Filings Threaten $4 Billion TurboTax Business

The complicated US tax regime is a boon to Intuit Inc., the company behind the ubiquitous TurboTax software. Now the Internal Revenue Service is looking at ways to simplify the system, posing a threat to the Silicon Valley firm’s $4 billion consumer business.

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