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On the Media

It's Tax Season!

On the Media

WNYC Studios

Media, Magazine, News, Studios, Transparency, Politics, Advertising, Newspaper, Newspapers, Wnyc, Technology, Radio, Amendment, Tv, Journalism, Society & Culture, History, Npr, Micah_loewinger, Brooke_gladstone

4.69.1K Ratings

🗓️ 13 April 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Tax Time!

Transcript

Click on a timestamp to play from that location

0:00.0

Last week, the company Intuit got into a little trouble with the law.

0:06.8

The Federal Trade Commission is suing Intuit the company behind TurboTax.

0:11.1

At issue is the company's claim to offer free tax preparation products.

0:15.3

The FTC calls that claim misleading because most people are not able to use the free products

0:20.2

being offered.

0:23.1

Like the 99 cents store, once you unfile taxes nothing seems to cost as little as advertised.

0:29.6

Perhaps the true crime here is that people can file taxes for free, but nobody seems to

0:35.0

know it.

0:36.6

Every year around this time, that is to say tax time, messages pop up in our Twitter

0:41.2

feed referring to a story we did a few years back on tax filing, it's become something

0:46.2

of a PSA.

0:48.2

Why?

0:49.2

Because filing taxes is a fraught business, so it makes sense we turn to our saviors,

0:55.0

companies like Intuit or H&R Block who say they're more than ready to step in, save the

1:00.5

day, save us money and simplify our lives.

1:04.4

Your life is busy, growing, we might say it has layers.

1:09.1

That means tax complexity.

1:12.2

We get it and we're on it.

1:15.6

They do get how complex the tax system is because their business model is based on it

1:20.1

staying that way.

1:21.5

Jessica Hussman, editorial director of both feet, says that when tax prep companies aren't

1:27.0

helping you through our overwhelming tax systems, firms like Intuit, which makes turbo tax,

...

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