US tax preparation software
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TurboTax is an American tax preparation software package developed by Michael A. Chipman of Chipsoft in the mid-1980s. Intuit acquired Chipsoft, based in San Diego, in 1993. TurboTax for the Mac was originally named MacinTax, and was developed by SoftView. SoftView was in turn purchased by Chipsoft. TurboTax is one of the most commonly used income tax preparation software packages in the United States, along with its main competitors, H&R Block at Home and TaxAct.
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TurboTax owner Intuit has plans to buy Credit Karma for $7 billion, report saysCredit Karma would still function as a standalone business with its CEO Kenneth Lin remaining at the helm, the report said.
Also reported by •Reuters
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