When the government and private sector work together to solve problems, they have the ability to change lives. Think of the emergency alerts that you get during severe weather or if a child goes missing in your area. Government agencies broadcast the alerts, but it’s the partnership with the mobile carriers that puts the information…

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April 15 – the day countless Americans file their taxes by either clicking “send,” or dropping a bulky envelope in the mail. And, after breathing a collective sigh of relief, we tend to put the whole process out of mind until next year. An understandable reaction, to be sure, but also a wasted opportunity. While…

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Health Care, Taxes and Building a Better Health Consumer

If it’s April in the U.S., it’s tax season. What’s new this year is that American taxpayers must report their health insurance status when filing their 2014 tax information with the IRS. And one in two taxpayers doesn’t realize that’s the case. This is the first year that, under the Affordable Care Act (ACA), Americans…

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Cyberfraud. It’s quickly becoming the watchword of this tax filing season. Several weeks ago we saw an increasing number of attempts by cybercriminals to use stolen identities to file fraudulent state income tax returns. Seeing this increase in suspicious filings, we took swift action to secure these returns and, working in consultation with the states,…

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Remarks from the “Fight Against Fraud” Tax Symposium

On Thursday, January 29th, Intuit Tax and Financial Center was an underwriter for the “Fight Against Fraud” Tax Symposium. The Atlantic took a closer look at how stolen identity fraud and improper EITC payments cost the country more than $5 billion a year–and examined data-based solutions to fighting fraud in the American tax system. Intuit President and CEO, Brad…

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The Refund to Savings (R2S) initiative is helping more tax filers to gain piece of mind knowing that part of their refund is tucked away for when they really need the money.  They are accomplishing this through simple savings promotions in the TurboTax Freedom Edition (tax prep software offered free as part of the IRS…

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A federal tax refund is the largest lump sum of money received in a year by the average American household. An estimated $230 billion1 in federal tax refunds will be issued this year to the nation’s taxpayers. Approximately $140 billion1 will be in consumers’ pockets by Feb. 15. In 2012, the average federal tax refund averaged $2,7002,…

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Tax time presents a unique opportunity for Americans to jump start their savings. The national savings rate is currently just below one percent. This month an estimated $140 billion in refunds will reach about 45 million people’s pockets. (1) However only 25 percent of taxpayers plan to put at least a portion of their tax…

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