Intuit Puts Affordable Tax Software On The Internet To Make Filing Simple
Returns Faster And Easier Than Ever

SAN DIEGO --Taxpayers with simple returns this year will be able to
download everything they need to quickly, easily and accurately file their
1040A and 1040EZ forms from the Internet for only $9.95, thanks to
TurboTax, the leader in personal tax-preparation software.Intuit Tuesday
introduced this innovative product, called QuickTax 1040A/EZ.

Internal Revenue Service statistics show that 42 percent of all returns
filed for the 1993 tax year were either 1040A or 1040EZ forms.

Most individuals who have less than $50,000 of income from wages, salaries,
tips, unemployment compensation, interest or dividends and do not have
itemized deductions (example: no home mortgage or independent-contractor
expenses) qualify to do a 1040A or 1040EZ and can use QuickTax.

For taxpayers with more sophisticated needs (i.e., those who itemize
deductions and use the 1040 tax return), Intuit continues to provide
TurboTax and MacInTax, America's best-selling individual and
small-business tax-preparation software, available from retailers or
directly from Intuit.

AFFORDABLE AND ACCESSIBLE

Internet users need only to visit Intuit's World Wide Web site to find
QuickTax. Customers will be able to download the software, which includes
more than 30 forms, schedules and worksheets, in about 15 minutes (using a
14,400-bps modem). QuickTax even includes the IRS extension form for
taxpayers who elect to file after the April 15 deadline.

"Filing taxes can be a confusing and time-consuming proposition for many
people, but with QuickTax, a PC and a modem, it is faster and easier than
ever to obtain the right forms, prepare them and file with the IRS," said
Scott Cook, chairman of Intuit.

"The same quality and accuracy standards that have led millions of people
to trust their taxes to TurboTax each year have been employed in
QuickTax."

EASY TO USE

QuickTax uses an intuitive checklist format that makes completing the tax
return easier than ever. Users answer simple questions about their income
and expenses, and they are then presented with the appropriate forms for
entering the data.

The software does all the calculations, which are guaranteed accurate. If
the user pays an IRS penalty because of a calculation error in the
software, Intuit will pay the penalty and any interest. Once completed,
customers can print their QuickTax 1040A/EZ tax return for mailing to the
IRS.

QuickTax works with TurboTax States for Windows, which are available
separately for every state that has an income tax. Customers also can
upgrade to TurboTax next year if their filing needs become more complex.

QuickTax will be available in early February at Intuit's World Wide Web
site, which can be found at the following Internet address:
http://www.intuit.com/quicktax. Customers also have the option of
obtaining QuickTax by mail by calling 800/964-1040.

QuickTax will run on any typical i386sx or higher, i486 or Pentium PC with
4MB of memory running Windows 95 or Windows 3.1.

ABOUT INTUIT

Intuit develops and markets software products that enable individuals,
professionals and small businesses to automate their financial lives.
Intuit's Quicken and QuickBooks products allow users to manage their
personal and small-business finances.

Intuit supplies and services, such as the Quicken VISA card with
IntelliCharge, work with its software to further automate finances. The
company's popular TurboTax, MacInTax and ProSeries software enable
consumers, small businesses and professional tax preparers to prepare
their own or their clients' tax returns.

CONTACT:

Intuit, San Diego
Tracy Benelli, 619/784-4482
tracy_benelli@intuit.com

or

Manning, Selvage & Lee, New York
Kate Bochonko, 212/213-7061
kbochonk@mslpr.com
 
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