Intuit Inc is an American business software company that specializes in financial software.
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29 Facts About Intuit
2.
Intuit is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi.
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3.
Intuit's products include the tax preparation application TurboTax, personal finance app Mint, the small business accounting program QuickBooks, the credit monitoring service Credit Karma, and email marketing platform Mailchimp.
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5.
In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and a deceptive discount targeted to members of the military.
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6.
Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in developed countries.
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7.
In 1993 Intuit went public and used the proceeds to make a key acquisition: the tax-preparation software company Chipsoft based in San Diego.
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8.
In June 2013, Intuit announced it would sell its financial services unit to private equity firm Thoma Bravo for $1.
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10.
In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and a deceptive discount targeted to members of the military.
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12.
On May 4, 2022, Intuit agreed to pay a $141 million settlement over misleading advertisements.
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15.
In 2008, Intuit Canada discontinued the TaxWiz software and added QuickTax Basic to their lineup.
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17.
Intuit has several online communities, some of which offer integration or cross-sells into its other products.
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18.
In 1993, Intuit acquired Chipsoft, a tax preparation software company based in San Diego.
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20.
On January 15, 2010, Intuit Inc spun off Intuit Real Estate Solutions as a stand-alone company.
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21.
On May 21, 2010, Intuit acquired MedFusion, a Cary, NC leader of Patient to Provider communications for approximately $91 million.
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22.
In May 2014, Intuit Inc bought Invitco to help bookkeepers put bill processing in the cloud.
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23.
In January 2016, Intuit Inc announced an agreement to sell Demandforce to Internet Brands.
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24.
On December 5, 2017, Intuit announced its acquisition of TSheets for $340 million.
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25.
On September 13, 2021, Intuit announced its acquisition of Mailchimp for $12 billion.
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26.
Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in developed countries.
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27.
In 2009, the Los Angeles Times reported that Intuit spent nearly $2 million in political contributions to eliminate free online state tax filing for low-income residents in California.
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28.
Intuit spent $1 million on the race for the California state comptroller to support Tony Strickland, a Republican who opposed ReadyReturn, against John Chiang, a Democrat who supported ReadyRun.
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29.
In March 2015, The Washington Post and computer reporter Brian Krebs reported that two former employees alleged that Intuit knowingly allowed fraudulent returns to be processed on a massive scale as part of a revenue-boosting scheme.
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