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| TurboTax Taps Kiplinger for Expert Content |
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| Kiplinger Ends H&R Block Relationship; Allies with Tax Software Leader |
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SAN DIEGO -
Dec.
5,
2006 -
Intuit Inc. (Nasdaq: INTU) and The Kiplinger Washington Editors, Inc. today announced a new relationship that will deepen the already rich tax content included in industry-leading TurboTax® products and Web sites.
Kiplinger ended an 11-year relationship with H&R Block's TaxCut to work exclusively with TurboTax, the No. 1-rated, top-selling tax software product. Together, Kiplinger, publisher of the Kiplinger Letters and Kiplinger's Personal Finance magazine, and TurboTax will provide taxpayers with accurate information and practical tax preparation guidance on everything from recent life changes, such as buying a home or having a baby, to finding and maximizing deductions, handling complex stock transactions or taking a home office deduction. The additional content, developed by Kiplinger tax editors, will be available in TurboTax products, on the www.turbotax.com Web site, as well as through online videos, podcasts, newsletters and other channels.
"TurboTax makes the complex task of doing taxes much easier," said Dan Maurer, vice president of marketing for the Intuit Consumer Tax Group. "Kiplinger complements that, combining deep tax expertise with the ability to translate tax jargon into easy-to-understand tips and advice. By working together, we dramatically simplify tax preparation, delivering a better outcome for TurboTax customers."
Knight Kiplinger, editor in chief, said that adding his company's highly regarded tax advice to TurboTax will be a plus for taxpayers. "We've been cutting through the complexity of the tax code since the Kiplinger Tax Letter was launched in 1925," he said. "And, we've been honing our tax help for software users for the past 15 years. Now, we're putting that knowledge and experience to work to benefit TurboTax customers."
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About Intuit Inc.
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Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.
Founded in 1983, Intuit had annual revenue of $2.3 billion in its fiscal year 2006. The company has nearly 7,500 employees with major offices in 13 states across the United States, and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.
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About The Kiplinger Washington Editors, Inc.
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For eight decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920, the company developed one of the nation's first successful modern newsletters. The Kiplinger Letter remains the longest continually published newsletter in the United States. Since 1925, The Kiplinger Tax Letter has kept tax experts and taxpayers abreast of developments in tax law and regulations with keen insights about the meaning and impact of new rules.
In 1947, Kiplinger created the nation's first personal finance magazine. Kiplinger's Personal Finance magazine offers down-to-earth advice on managing money and achieving financial security and is renown for practical, easy-to-understand advice on complicated tax issues. Kiplinger editors remain dedicated to delivering sound, unbiased advice for families and businesses in clear, concise language.
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Intuit, the Intuit logo, and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
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