MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–
With the approach of the tax-filing season, Intuit Inc. (Nasdaq: INTU)
today commended the progress of the Internal Revenue Service, state
governments and the tax preparation industry to further protect
taxpayers from fraud when filing their returns.
At today’s meeting of the Security Summit, IRS Commissioner John
Koskinen announced that the public-private partnership has made
substantive progress in introducing new standards to detect and prevent
identity theft-related filings. The Summit includes a group of public
and private tax administration leaders formed earlier this year to work
collaboratively to fight the industry wide problem of identity theft tax
Brad Smith, CEO of Intuit Inc. commented following his participation in
“Protecting taxpayers and strengthening the integrity of the U.S. tax
system is a team effort, and the progress we’ve made over the past eight
months demonstrates our shared commitment to fight fraud.
“Cooperation between government and industry is both essential and
unprecedented. Together, we’re creating new ways to further validate
taxpayers’ identities and the information they submit. Sharing what
we’ve learned will strengthen the system and give taxpayers greater
confidence when they file returns.
“Tax fraud is an evolving threat and we are evolving with it. These are
significant changes that will further safeguard taxpayers and at the
same time, accelerate government’s and industry’s ability to share
information to combat fraud.
“We’re encouraged by the progress being made and thank Commissioner
Koskinen and the states for their continued engagement in the process.
We will continue to actively participate in the Security Summit process
which is so vitally important to the U.S. tax system and the American
About Intuit Inc.
Intuit Inc. creates business and
financial management solutions that simplify the business of life for
small businesses, consumers and accounting professionals.
Its flagship products and services include QuickBooks® and
TurboTax®, which make it
easier to manage small businesses
and tax preparation and filing.
Mint.com provides a fresh, easy and
intelligent way for people to manage their money, while ProSeries®
and Lacerte® are Intuit’s
leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of .2 billion in its fiscal year
2015. The company has approximately 7,700 employees with major offices
in the United States, Canada,
the United Kingdom, India
and other locations. More information can be found at www.intuit.com.
Source: Intuit Inc.