Bob Scott

Bob Scott

Intuit: TurboTax Live Up 70 Percent

Intuit expects that customer growth for TurboTax for the third quarter ended April 30 will be more than 70 percent higher than a year ago. The company also said that business for growth of QuickBooks Online in this country is above pre-pandemic levels.

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IRS Issues Guidance On Dependent Care

Unused dependent care from tax years 2020 or 2021 can be carried over to tax year 2021 and 2022 without being considered as employee wages, the Internal Revenue Service said this week. The guidance in Notice 2021-26 PDF was issued under terms of the coronavirus-related legislation—the Taxpayer Certainty and Disaster Tax Relief Act of 2020. 

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N.C. Preparer Draws 22 Months in Prison

A North Carolina tax preparer, who charged some clients up to $3,000 for preparing tax returns, has been sentenced to 22 months in prison. Karen Marie Jones of Durham, N.C., must also pay $1,264,493 in restitution to the United States and undergo three years of supervised release.

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