TurboTax rebuts massive cyber fraud allegations

TurboTax fought back on Monday against allegations it has been knowingly letting cyber crooks file false tax returns, making millions in the process.

“These allegations are without merit and are based on these individuals’ misunderstanding of the facts and their mischaracterization of our business,” said a TurboTax blog post.

Intuit — the company which manufactures the tax preparation software — is battling the criticism amid a reported broader spike in fraudulent tax filings that has caught the attention of Capitol Hill….

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