Intuit Becomes Sole Online Tax Prep Provider On Yahoo! Finance

EDP Weekly's IT Monitor, Jan 21, 2002

Intuit Inc. (NASDAQ: INTU), maker of Quicken TurboTax and the Quicken TurboTax for the Web(SM) service, last week announced an agreement with Yahoo! Inc. (NASDAQ: YHOO), a leading global Internet communications, commerce and media company, to provide online tax preparation services and content on the Yahoo! Finance Tax Center (http://taxes.yahoo.com).

The agreement makes TurboTax for the Web, the most popular online tax preparation and filing service, available to Yahoo!'s millions of consumers and provides visitors to Yahoo! Finance a fast, easy and convenient way to prepare and file their taxes online.

"Whether it's fast and simple online tax preparation services or helpful educational content, Yahoo! consumers can find the TurboTax products and services they need in one convenient place," said Bob Meighan, vice president of Intuit's Consumer Tax Group. "The bottom line is Yahoo! Finance visitors can now take advantage of innovative tax preparation services and the most current content to help them make better decisions while taking the headache out of doing taxes."

"We are pleased to work with Intuit to enable Yahoo! consumers to easily and quickly prepare and file their taxes online," said Wade Lagrone, senior producer, Yahoo! Finance. "The integration of TurboTax content and services helps make the Yahoo! Finance Tax Center a comprehensive resource, showcasing a wealth of tax forms, tools, calculators, filing services and more, during this tax season."

Quicken TurboTax was the No.1-selling tax preparation software program in 2001, with 70 percent share of units sold at retail and more than 80 percent retail revenue share, up eight points over 2000, according to NPD Intellect. Its Web-based counterpart, TurboTax for the Web, is the most popular site for online tax preparation and filing services. The Instant Data Entry feature is included at no additional charge in all 1040 versions of TurboTax. With more than 17 years of personal finance expertise, the TurboTax family of products saves time and money for more than 14 million Americans each year.

Intuit Inc. (Nasdaq: INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken, QuickBooks, Quicken TurboTax and Quicken Loans(SM) simplify personal finance, small business management and payroll processing, tax preparation and filing and home loans. [sections]