logo
welcome
About us
Newsletter
News Widget
Media Inquiries

Summary

Tax Prep Stocks Plummet

This is a U.S. news story, published by MSN, that relates primarily to Elon Musk news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Elon Musk news

For more Elon Musk news, you can click here:

more Elon Musk news

personal finance & financial education news

For more personal finance & financial education news, you can click here:

more personal finance & financial education news

MSN news

For more news from MSN, you can click here:

more news from MSN

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about

private tax filing firms

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest efficient tax administration news, IRS news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

tax industry
Quartz

Quartz

•

Intuit and H&R Block stocks tank because Elon Musk's DOGE wants to simplify tax filing

Quartz
Summary
Nutrition label

80% Informative

Elon Musk and Vivek Ramaswamy reportedly discussed creating a mobile app for U.S. citizens to file their taxes for free with the IRS .

Shares of Intuit , the company behind TurboTax , dropped by more than 5% , while rival H&R Block’s shares fell by almost 8% , putting the company on track for its worst day in three years .

Intuit has spent millions of dollars lobbying on several issues, including a free electronic tax filing system.

VR Score

78

Informative language

72

Neutral language

81

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

16

https://www.theverge.com/2024/10/21/24273820/intuit-ceo-sasan-goodarzi-turbotax-irs-quickbooks-ai-software-decoder-interviewhttps://instagram.com/qzhttps://www.irs.gov/filing/free-file-do-your-federal-taxes-for-freehttps://www.washingtonpost.com/business/2024/11/19/taxes-irs-musk-ramaswamy/https://qz.com/irs-direct-file-taxes-turbotax-hr-block-1851439322https://qz.com/quote/INTUhttps://qz.com/elon-musk-x-twitter-trump-doge-ramaswamy-1851700733https://qz.com/quote/HRBhttps://www.opensecrets.org/news/2023/05/turbotax-owner-intuit-ramps-up-lobbying-as-debate-over-government-run-free-tax-filing-heats-up/https://waysandmeans.house.gov/2023/10/19/chairman-smith-irs-bullying-taxpayers-into-accepting-agency-as-tax-preparer-filer-and-auditor-is-no-step-forward/https://www.marketwatch.com/story/how-to-file-your-taxes-for-free-online-if-you-make-less-than-66000-a-year-2018-03-28https://www.facebook.com/quartznewshttps://qz.com/irs-direct-file-expansion-1851509693https://www.propublica.org/article/congress-is-about-to-ban-the-government-from-offering-free-online-tax-filing-thank-turbotaxhttps://twitter.com/qzhttps://nypost.com/2024/01/31/news/republican-ags-slam-treasurys-attempt-to-build-in-house-turbotax-at-irs/

Source diversity

12

www.theverge.cominstagram.comwww.irs.govwww.washingtonpost.comqz.comwww.opensecrets.orgwaysandmeans.house.govwww.marketwatch.comwww.facebook.comwww.propublica.orgtwitter.comnypost.com

Affiliate links

no affiliate links

Read full article