Intuit’s plan to acquire Credit Karma means its biggest competitor now could be the federal government. WSJheard explains. WSJWhatsNow
It is said that nothing is certain but death and taxes. For Intuit, even the latter might not always be a sure bet.
The company best known for its TurboTax software, the leader in preparing state and federal returns, has an array of competitors in the field. The most formidable one lurks in the background, though. The federal government has long toyed with the idea of allowing taxpayers to file online directly and for free. An uneasy truce surfaced years ago under which Intuit and its competitors agreed to provide free filing...
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