The Great Tax Prep Swindle

Cheat!

Sony Music

True Crime, Tv & Film, Society & Culture

4.8 • 1.7K Ratings

🗓️ 21 June 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last year, Intuit—the company that owns the tax prep software TurboTax—reached a settlement with 50 state attorneys general, requiring the company to issue $141 million in refunds to users. The problem? For years, TurboTax has been advertising free filing services but only 2% of 70% eligible tax payers actually filed at no cost. And it turns out…that might have been Intuit’s plan the whole time. A Somethin’ Else Production. Exclusive! Grab the NordVPN deal ➼ https://nordvpn.com/cheat Try it risk-free now with a 30-day money-back guarantee! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm gonna give you the dog because I gotta close the door.
0:13.9	How do I feel about doing my taxes?
0:16.8	Not great.
0:18.6	Meet Josh.
0:20.4	Josh is a musician and a newlywed living in Boston with his wife Julie and their mutt,
0:26.1	Bulca.
0:27.3	He's just trying to be a good citizen, like most of us.
0:31.3	Every year around April, Josh starts to get anxious about his taxes.
0:36.4	As a performing artist and a musician, there are certain things I can write off and everything
0:42.0	is an expense to a performing artist.
0:44.9	Every year it is such a hodgepodge to get through it and feel like I did it in a way
0:51.2	that's not going to get me arrested.
0:55.2	So Josh thought he'd get some help to get through this hodgepodge.
0:58.7	From this online tax prep software called TurboTax.
1:02.5	I had heard that TurboTax was better.
1:06.7	I've probably seen an ad for TurboTax every week of every year that I've been alive.
1:12.2	So of course I know.
1:13.2	My dad used TurboTax.
1:14.2	I mean, I knew it from forever.
1:16.2	Into it, the company that makes TurboTax, they spend millions of dollars every year
1:20.7	on advertising.
1:22.5	And the pitch.
	...

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