FTC prevails in case against Intuit over TurboTax software
Kimberly White/Getty Images Entertainment
The Federal Trade Commission won a ruling against Intuit (NASDAQ:INTU) regarding alleged deceptive advertising for its TurboTax tax prep software.
The regulator's in-house administrative judge ruled on Wednesday that the company deceptively promoted the product as free, according to a Politico report on Friday. Intuit confirmed the FTC ruling, though the judgment will remain sealed until Wednesday, pending redactions. 
"No one should be surprised by the FTCâs ruling given it came from an FTC-employed judge in a case the FTC brought before itself," Intuit spokesperson Derrick Plummer told Politco. "You canât make this stuff up, itâs a flawed system and a groundless ruling. The FTC has ruled in its own favor in nearly every consumer protection case for the last two decades."
Intuit (INTU) told the publication that it plans to appeal the ruling.
The FTC filed a complaint against Intuit (INTU) last March. Intuit said at the time that the FTC inaccurately alleged the companyâs advertising practices directed consumers who were eligible for free tax filing software from TurboTax or the IRS Free File Program to the companyâs paid tax preparation products.
Intuit (INTU) is scheduled to present at the Goldman Sachs Communacopia + Technology Conference on Wednesday.
More on Intuit

Intuit: Strong Results May Not Translate To Strong Returns

Intuit Inc. (INTU) Q4 2023 Earnings Call Transcript
Intuit: Aftermath Of The Acquisition Spree (Rating Downgrade)
Intuit: 30% Year-To-Date Return Is Something You Should Extrapolate Into The Future
Intuit stock retreats as fiscal Q1 earnings guidance comes in soft
PayPal names Intuit's Alex Chriss as its next CEO
Seeking Alphaâs Quant Rating on Intuit