By giving your information to Turbo. Tax, you also give it to Intuit, which can share it with its other business lines. Intuit requires one account for all of its products, though signing up for one does not automatically sign you up for all.
Yes, they keep a copy of your entire tax return. If you choose to file your return electronically, your tax return will be forwarded to Intuit’s Electronic Filing Center, where Intuit will transmit it to the applicable federal and/or state taxing authority.
When we were reading we ran into the question “What happens after I Share my tax info with Intuit?”.
After you agree, Intuit (the makers of Turbo. Tax) can use your info to enhance your Intuit account to communicate with you, and provide personalized offers and advice for your unique financial situation. Your info is subject to the Intuit Global Privacy Statement.
Does Intuit share your data with third parties?
If you give Intuit permission, the company can share your data with third parties to “provide personalized offers and advice for your unique financial profile, ” per the disclosure form, though the company tells Axios in a statement that “all offers to Mint and Turbo users are generated by us and our systems, not third parties or partners.”.
Another common inquiry is “Is it safe to share my e-mail address with Intuit?”.
We once you are sure about that, you can safely share it with Intuit. In fact, when I was working with Intuit couple of years back, there was a significant effort going on to create a single sign-in for all the Intuit offerings including Turbo. Tax and Quick, and books. I don’t see any issues with sharing your info with them.
Should I switch from TurboTax to one Intuit account?
You should do it. We’ve been on initiative of One Intuit meaning if you use one product you should be able to access the same information in other products which I would guess would be Mint if you used Turbo. Tax for personal tax filing and Quickbooks if you are small business. Nothing to fear!