The company made the statement as it update its guidance for the quarter, which will be reported on May 25.
TurboTax Live enables customers to ask a professional preparer a question by initiating the session from with the software. The company also this year launched TurboTax Live Full Service, which provides fully assisted preparation. There has been no analysis by there appears to be growth in efiles submitted by tax professionals, according to statistics released by the Internal Revenue Service.o
However, the extension of the tax 2012 filing deadline to May 17 will reduce revenue expected for the third quarter, although that will shift into the fourth quarter.
Intuit expects third-quarter revenue to range from $4.165 billion to $4.170 billion from a prior guidance range of $4.605 billion to $4.655 billion.