Tuesday, January 17, 2006
The publishers of the two biggest tax preparation software programs -- TurboTax (Intuit) and TaxCut (H&R Block) -- are embroiled in dueling lawsuits over Intuit's remarks about H&R Block in a $25 million national advertising campaign:
H&R Block alleged in its complaint that TV ads for TurboTax contained statements that "are literally false, deceptive and misleading" and damaging to the H&R Block name. H&R Block, which makes the tax preparation software TaxCut, alleges that Intuit falsely stated in the television ad that "more returns were prepared with TurboTax last year than at all the H&R Block stores combined." H&R Block said the more than 26 million returns its stores prepared last year far exceeds the 21 million prepared with TurboTax.
For press reports, see:
(Hat Tip: The Tax Guru.)