Senator Warren Supports FTC’s Scrutiny of TurboTax’s Practices
In a recent development, Senator Elizabeth Warren (D-MA) has expressed her support for the Federal Trade Commission’s (FTC) oversight of TurboTax, a popular tax preparation software. The senator’s endorsement comes in the wake of TurboTax’s alleged misconduct in 13 states, including Arizona, California, Massachusetts, New York, Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.
Warren Applauds FTC’s Efforts
Senator Warren firmly believes that TurboTax deserves the scrutiny it is currently facing. In a statement, she said:
Given Intuit’s ongoing anti-taxpayer practices, it is outrageous that the company continues to fight the FTC lawsuit and lobby against the IRS Direct File program. I applaud your work to crack down on Intuit’s false advertising and junk fees, and urge you to continue your efforts to protect taxpayers from these schemes.
FTC’s Decision and Ongoing Lawsuit
Last year, the FTC made a significant decision regarding TurboTax’s practices. The details of this decision remain undisclosed in the provided text. However, it is evident that the FTC has taken action against the company, and Senator Warren fully supports their efforts.
Despite the FTC’s actions, TurboTax continues to fight the lawsuit and lobby against the IRS Direct File program, which has drawn criticism from the senator.
Warren’s Call for Continued Protection of Taxpayers
In her letter, Senator Warren urges the FTC to persist in its efforts to safeguard taxpayers from TurboTax’s alleged schemes. She commends the commission’s work in cracking down on the company’s false advertising and junk fees, emphasizing the importance of protecting consumers from such practices.
The full content of Senator Warren’s letter to the FTC is available for further review, highlighting her stance on the matter and her support for the commission’s ongoing efforts to hold TurboTax accountable for its actions.
2 Comments
Looks like TurboTax is on the hot seat again; Senator Warren’s not pulling any punches!
Senator Warren targets TurboTax like a hawk on a mouse, will they squirm out this time?