Intuit Assisting Vermont Taxpayers to Amend Returns
May 16 2016 - 2:56PM
Business Wire
Intuit Inc. (Nasdaq: INTU) is contacting some Vermont taxpayers
who may have inadvertently underpaid their state income tax. The
outreach effort, being done in conjunction with the state’s
Department of Taxes, follows the discovery of an error in the
company’s TurboTax® and ProSeries® software that caused some
taxpayers and tax professionals to file an incorrect state tax
return and underpay taxes owed.
“Our customers rely on us to deliver an accurate return and
nothing is more important to us than making this right and building
customer trust and confidence in Intuit,” said Bob Meighan, CPA and
Intuit vice president. “We’re committed to reaching out to our
customers and guiding them through the process and assisting the
state in processing amended returns.”
The error affects those who filed returns with itemized
deductions and was fixed as of April 1. Returns filed after that
date are not affected. Intuit is identifying those affected and
assisting them to amend and resubmit their state returns and pay
any balance that may be due.
Vermont will not impose interest and penalties for taxpayers who
amend their returns before July 1, 2016. Per Intuit’s TurboTax
Accuracy Guarantee, the company will reimburse TurboTax customers
for any penalties or interest the state does assess.
About Intuit
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® and
TurboTax®, which make it easier to manage small businesses
and tax preparation and filing. Mint.com provides a fresh,
easy and intelligent way for people to manage their money,
while 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 2015. The company has approximately 7,700 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.
Intuit and the Intuit logo, among others, are registered
trademarks and/or registered service marks of Intuit Inc. in the
United States and other countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20160516006506/en/
Intuit Inc.Julie Miller, 858-215-8469Julie_miller@intuit.com
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