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Intuit´s Lacerte Announces New Professional Tax Products
NetTax and Tax Planner Go Beyond Traditional Tax Prep Services and Offer Accountants Anytime, Anywhere Access
Dallas, TX - May 25, 2001 - Intuit Inc. (NASDAQ:INTU) today announced that its Professional Products Group, which develops and markets professional tax preparation software including the Lacerte product line, is introducing two new products for the 2001 tax season. Lacerte NetTaxÒ and Lacerte Tax Planner extend Lacerte's offerings beyond traditional tax preparation services and continue Lacerte's mission of delivering innovative tax management solutions to the tax professional.

"We are taking Lacerte software to a new level of integration and functionality that will help our more than 35,000 Lacerte firms to do their jobs faster, more efficiently, productively and economically," said Allen Harris, vice president, Professional Products Group, Intuit. "This is an exciting time for tax professionals because now more than ever before they will have the electronic tools to help them manage their practice more effectively while enhancing client service and support."

  • Lacerte NetTax® is a new Lacerte innovation that will allow anytime, anywhere access to Lacerte programs via the Internet. Now, Lacerte users will be able to access their Lacerte applications in the office, at home or from the road. Lacerte NetTax requires virtually no installation and customers will further benefit by having access to the very latest version of the program each time they log in. Taxpayers' data will reside on Lacerte's servers, enabling professionals to access any client's return whenever and wherever they choose. Customers also have the option of moving taxpayer data to or from their local desktop system for added security. Access to Lacerte NetTax is granted only to authorized users through a highly secure login process.
  • The powerful new Lacerte Tax Planner product will seamlessly integrate with the Lacerte tax program to help professionals project their clients' future tax data under multiple scenarios. It will generate professional reports that will help clients make sound financial decisions regarding their tax liability. The Tax Planner will allow up to 10 years of projections; multiple scenarios per year; instant calculations of tax liability; activity-by-activity import for data from Lacerte tax program; creation of custom statements, fields and global notes; and dynamic graphing utility for customized graphs.

Availability and Support
Lacerte NetTax, and Tax Planner for the 2001 tax season will be available in January 2002, but are available for advance order now. Lacerte NetTax products require Microsoftâ Internet Explorer 5.0 and the company recommends its customers have a broadband connection such as DSL, cable modem or T-1 line.

Lacerte offers industry-leading customer support, with extended hours and weekend availability during tax season. All support services, including data conversion, are included in the price of its products. In addition, Lacerte offers integrated e-mail support 24 hours a day, which not only allows professionals to send questions to service technicians via email, but also allows them to attach a copy of the tax return file so the issue can be reviewed and responded to immediately.

Tax professionals can obtain a free Lacerte evaluation kit by calling 1-800-765-7777. Professionals may also participate in a free TeleSeminar that will walk them through the Lacerte evaluation in their own office (via conference call). Information about Lacerte tax programs is also available at www.lscsoft.com.

About Lacerte
With nearly 25 years in business, Lacerte has developed a reputation for delivering industry-shaping innovations, comprehensive products and providing quality support to tax professionals. As a premier professional tax software provider, Lacerte products are designed to provide tax professionals with easy-to-use solutions that seamlessly integrate functions to avoid redundancies, are customizable, provide tracking and network functionality and handle in-depth calculations to make preparing even the most complex tax returns easier.

 
About Intuit Inc.
Intuit Inc. (NASDAQ: INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken®, QuickBooks®, Quicken TurboTax® and Quicken Loans® simplify personal finance, small business management and payroll processing, tax preparation and filing and online home loans.

Founded in 1983, Intuit has annual revenues of more than $1 billion and reaches 22 million customers with nearly 5,000 employees in 13 states and four countries. More information can be found at www.Intuit.com.

Risks and Uncertainties Related to Forward-Looking Statements
This press release includes "forward-looking" statements about the company's expectations for its professional tax business and its Lacerte products. All forward-looking statements are subject to risks and uncertainties and actual results may differ materially from the company's expressed expectations. The company will not update the information in the press release if any forward-looking statement later turns out to be inaccurate. The following risks and uncertainties are the important factors that may affect the company's future results relating to the forward-looking statements in the press release: The development of products for the 2001 tax season has not been completed. The development of tax preparation software presents a unique challenge because of the demanding annual development cycle required to incorporate unpredictable tax law changes each year. The rigid development timetable increases the risk of errors in the products and the risk of launch delays. Any major defects could lead to negative publicity, customer dissatisfaction and incremental operating expenses. A late product launch could cause our current and prospective customers to choose a competitor's product for that year's tax season, which would reduce the company's expected renewal rate. This would result in lost revenue and would make it more difficult for the company to sell our products to those customers in future tax seasons. More details about other risk factors that could affect the company's future results are included in Intuit's fiscal 2000 Form 10-K and other recent SEC filings.

 
Intuit, Quicken, QuickBooks, QuickBooks Pro, TurboTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. Quicken.com and QuickBooks.com, among others, are trademarks and/or service marks of Intuit Inc.
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