How TurboTax's “Free” Services Got Them Sued | Corporate Casket

iilluminaughtii

Blair Zoń

Documentary, Education, Business, Society & Culture

4.4 • 961 Ratings

🗓️ 16 December 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Go to http://hellofresh.com/casket18 and use code casket18 for 18 free meals plus free shipping! Go to http://joinhoney.com/casket to get PayPal Honey for free. Tax season in the United States of America is a time of year filled with dread, confusion, and an avalanche of stress. But, when products like Turbo Tax came along we all thought life was going to get a little easier. Now, the American people didn’t have to go to an expensive accountant to get their taxes done, they could do it themselves! For Free! There was a tiny issue though; these services weren’t actually what was promised and they certainly weren’t free. Oh yeah, and those very same companies that claimed they were coming to save the day were actually lobbying against the people they were claiming to help. Welcome to the Corporate Casket, a semiweekly series where bad businesses go to die. We will discuss any and everything from bad charities, terrible CEOs, and businesses that have a lot to hide. Connect with me: https://linktr.ee/iilluminaughtii Sources: https://justpaste.it/d49ds Writers/Researchers/Helpers: Jess This episode was edited and mixed by: @GThomasCraig Album cover art created by: Betsy Primes Intro Song Credits: Last to Fall- Will Van De Crommert Outro Song Credits: Sacred and Profane- Nicholas Rowe Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Late night chainsaw sculpting dog walking people.
0:11.0	We believe people can be good at anything. Yes, even taxes.
0:19.0	Into a Turbo Tax.
0:20.0	When tax season rolls around in the United States, it seems like the entire country just collectively size.
0:27.0	The process of filing taxes is undoubtedly one of the most frustrating aspects of adulthood.
0:32.0	The government is fully aware of what you made and what one of the most frustrating aspects of adulthood.
0:32.8	The government is fully aware of what you made and what you owe,
0:35.8	but you get to play this fun little game of figuring it out by yourself.
0:39.1	And if you're wrong, you could face massive fines or even jail time.
0:43.0	Who doesn't love a high stakes guessing game, right?
0:46.0	But when Intuit TurboTax made its online debut in 1999,
0:50.0	everyone seemed to breathe a sigh of relief for the first time.
0:53.0	Prior to this groundbreaking launch, people had been accustomed to their yearly trip to an accountant
0:58.0	to file their taxes through good old-fashioned snail mail.
1:01.0	Now they could do it themselves with e-filing and the
1:04.2	revolutionary service allowed them to know if their filing had been accepted a
1:08.1	mere 24 hours later. Much better than the weeks many had waited for before.
1:13.2	Right from the start, TurboTax was making waves selling about 4.2 million copies of the software.
1:19.4	Chairman Bill Campbell even told the industry press that one in five federal tax returns were filed
1:24.5	using an Intuit product in 1999.
1:27.8	It suddenly seemed like everyone's tax headaches were finally going to be sued at long last.
1:33.0	But TurboTax wasn't truthfully the solution to all of our tax needs as we had hoped,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blair Zoń, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blair Zoń and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.