Intuit is a perfect example to me of the flawed reality in a libertarian ideology. We know they’re terrible, we know their products aren’t great… yet where are all the meaningful competitors? People who are at least meeting their bar if not substantially exceeding it? It’s not like this is a new industry that takes time to bake. Where are the YC startups trying to take them on? Meanwhile they continue to make live expensive and complicated for the rest of us just so they have a guaranteed revenue stream!
Intuit sabotages the Child Tax Credit
11–20 of 332 posts
Re: Intuit sabotages the Child Tax Credit
#12Given how much H&R Block and Intuit have unethically and corruptly leeched from the government and the taxpayers directly, I think the should literally be nationalized and have their tax software platforms absorbed into the IRS. Their company activities over the last few decades are so flagrantly, indisputably bad for the country. There's literally no upside, none at all. They have intentionally sabotaged tax filing and leeched off the people by corruptly inserting themselves as middlemen. At least the tax prep portions of the companies.
Re: Intuit sabotages the Child Tax Credit
#13Consider using credit karma tax (run by good guy Jack Dorsey); it was forced to be split out from CK when they were bought by intuit. It’s free, it supports nearly everything you would need these days.
Re: Intuit sabotages the Child Tax Credit
#14Given how much H&R Block and Intuit have unethically and corruptly leeched from the government and the taxpayers directly, I think the should literally be nationalized and have their tax software platforms absorbed into the IRS. Their company activities over the last few decades are so flagrantly, indisputably bad for the country. There's literally no upside, none at all. They have intentionally sabotaged tax filing…
I wish that our government (the people who allowed them to be the middle man) would take some accountability. But I guess that would be uncharacteristic.
Re: Intuit sabotages the Child Tax Credit
#15Intuit is consistently one of the least ethical actors in tech. They have a monopoly position in many of their products and take advantage of some of the poorest people through misinformation and lobbying. Facebook & Uber have received most of the heat over the past few years. Intuit has strangely avoided the same level of scrutiny.
Around 2009 my taxes grew complicated enough that I could no longer do them by hand and had to start using tax software for them. I've consistently refused to use TurboTax because the company is so evil. H&R Block is not necessarily a more ethical company, but at the very least, there's not more unethical. (And I'm vaguely aware of there being some open-source tax software of some sort out there, but when I looked it…
does H&R Block handle investments and cost basis year over year information? That's the only tripping point im finding with whatever product I look to in comparison to Turbotax. Once your tax situation starts down that path I'm noticing getting a product that can pull from multiple investment accounts and keep track of cost basis correctly really narrows it down to Turbotax so far for me.
Re: Intuit sabotages the Child Tax Credit
#16Intuit is a perfect example to me of the flawed reality in a libertarian ideology. We know they’re terrible, we know their products aren’t great… yet where are all the meaningful competitors? People who are at least meeting their bar if not substantially exceeding it? It’s not like this is a new industry that takes time to bake. Where are the YC startups trying to take them on? Meanwhile they continue to make live ex…
I think their software is good and I usually have a very easy time filing taxes. In comparison, I remember filling out my FAFSA application and that being long ordeal. I don’t think government has the willingness to create a seamless tax-filing experience.
Who is stopping the IRS from making a competing easy to use tax filing website? Are people suggesting Intuit is stopping a good product team from operating within the IRS?
Re: Intuit sabotages the Child Tax Credit
#17How do we know that this is actually Intuit itself & not the IRS trying to reduce CTC payouts. After all, their enforcement budget keeps getting squeezed & they keep struggling to prosecute high dollar issues. Reducing their tax credits is a good way to improve the balance of the federal government.
Re: Intuit sabotages the Child Tax Credit
#18Intuit is a perfect example to me of the flawed reality in a libertarian ideology. We know they’re terrible, we know their products aren’t great… yet where are all the meaningful competitors? People who are at least meeting their bar if not substantially exceeding it? It’s not like this is a new industry that takes time to bake. Where are the YC startups trying to take them on? Meanwhile they continue to make live ex…
I think their software is good and I usually have a very easy time filing taxes. In comparison, I remember filling out my FAFSA application and that being long ordeal. I don’t think government has the willingness to create a seamless tax-filing experience. Who is stopping the IRS from making a competing easy to use tax filing website? Are people suggesting Intuit is stopping a good product team from operating within…
They're a corrupt, profiteering company that does everything it legally can to stop people from filing taxes for free.
https://www.propublica.org/article/inside-turbotax-20-year-f...
Re: Intuit sabotages the Child Tax Credit
#19That warning is terrifying.
> Do NOT use this online form if you're required to file a tax return. Use of this online form creates a simplified 2020 tax return. If you're required to file a tax return but file a simplified return instead, you won't be able to e-file your 2020 Form 1040 or 1040-SR tax return. This will delay the IRS processing your return and issuing any tax refund.
So... what?
Do not use this site if I'm required to do the thing that this site does? If I use this I won't be able to e-file Form xyz? No information what those are, or why it would matter?
Re: Intuit sabotages the Child Tax Credit
#20I wish people in the US would stop blaming specific bad actors in a system for acting in their own best interest and start blaming the system that empowers them. ExxonMobil and Intuit lobby the government in their own best interest just like FAANG companies and basically everyone else that has the size to do it. That is how our system is designed. It isn't Intuit's fault this works, but since it does work, they would…
How do you propose to garner support to fix the system without drawing attention to the bad actors? "A multi-billion dollar company has been lobbying the IRS so it can steal money from the most vulnerable taxpayers" is far more compelling than "poor people pay more taxes than they have to".