The Internal Revenue Service (IRS) today announced that it will begin
processing tax returns on January 31, 2014. TurboTax,
the nation’s No. 1 rated, best-selling online tax preparation service
from Intuit Inc. (Nasdaq:INTU), is
available now at www.turbotax.com
and will start accepting e-filed federal tax returns on Jan. 2, 2014.
Taxpayers can file early with TurboTax to be first in line for their
maximum tax refund.
“More than 80 percent of taxpayers get a tax refund. Last year, federal
tax refunds averaged almost $3,000. At TurboTax, we recognize how
important that money is to our customers,” said David Williams, Chief
Tax Officer at Intuit. “It’s why we’re encouraging people to file as
soon as they can. Anyone can get started today with TurboTax. There is
no faster way for taxpayers to get their tax refunds.”
TurboTax will securely hold and then submit customers’ tax return to the
IRS as soon as the agency begins accepting returns. TurboTax will
process tax returns on a first-in, first-out basis. Although the IRS
does not anticipate refund delays, taxpayers are encouraged to e-file
and use direct deposit as the fastest way to get their refunds. As it
did last year, the IRS expects to issue nine out of ten tax refunds in
21 days or less.
About Intuit Inc.
Intuit Inc. creates business and
financial management solutions that simplify the business of life for
small businesses, consumers and accounting professionals.
Its flagship products and services include QuickBooks®, Quicken®
and TurboTax®, which make
it easier to manage small
businesses and payroll
processing, personal
finance, and tax
preparation and filing. Mint.com
provides a fresh, easy and intelligent way for people to manage their
money, while Demandforce®
offers marketing and communication tools for small businesses. ProSeries®
and Lacerte® are Intuit's
leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year
2013. The company has approximately 8,000 employees with major offices
in the United States, Canada,
the United Kingdom, India and
other locations. More information can be found at www.intuit.com.
Copyright Business Wire 2013