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TurboTax Class Action Settlement for Refund Processing Service

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IntuitIt’s not every day you see a class action settlement involving a tax preparer and not a refund anticipation loan, but today we have out. Intuit has settled a lawsuit associated with the extra fee they charge when they collect the preparation fee a certain way (it’s the “Smith et al. v. Intuit, Inc., Case No. 5:12-cv-00222″ lawsuit). If you did your taxes between January 12th, 2008 and May 28th, 2013 and opted to have your preparation fees taken out of your tax return, you may be eligible for a piece of a $6.55 million settlement. When you paid for your tax preparation with a checking account, there was no extra fee. If you paid for it from your return, using the Refund Processing Service, there was a $29.95 fee. Someone sued and the result is a settlement fund.

If you check the dates, the settlement applies for the Tax Year’s 2007 through 2012, and applies only to those who used the online refund processing service. If you just used TurboTax, you aren’t part of the class. Here is the claim form and you must fill it out by October 28th, 2013. If you want to exclude yourself from the class, you need to send that in by September 23, 2013. This settlement has yet to be approved by the court, we’ll update this post with any new news as it available.

Here’s the settlement website if you want to read some exciting legal documents!

I’m not one to editorialize these settlements but this lawsuit seems kind of sketchy. I don’t know much about the law in this matter but from a “reasonable man” perspective the fee seems fair, though a little high. I don’t know if there was some bait and switch or if Intuit didn’t disclose the fee or what but charging someone a fee to pay with funds they won’t get for six weeks seems like a reasonable thing.

(Credit: Dell’s Official Flickr Page)

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19 Responses to “TurboTax Class Action Settlement for Refund Processing Service”

  1. Yet another one: the people who got taken get maybe a $5 discount certificate on next year’s TurboTax purchase (but only if they pay list price) and the lawyers are the only ones who get actual money.

    I’ve stopped participating in these make-only-lawyers-rich scams.

    They make it sound like consumers are protected and compensated, but the only people who get money, by the millions, are the lawyers.

    (Yeah, William, tell us how you REALLY feel! :) )

    • Icycis says:

      you so right William only the lawyers are the only one’s who get rich. They make everyone around the world sign up, then when the case settles they get millions and all the other millions of America get $10 lowsey bucks. SCAMMERS!!!!!!!!!!

  2. Wow, discount certificates on stuff like this? I certainly do not like where this is heading!

  3. Wow interesting I hadn’t heard of this. Thanks for sharing. I’ve never participated in a class action suit.

  4. The lawyers do definitely walk away with the big chunk of change, but Intuit likely wouldn’t be in this situation if they didn’t break the law in some manner. Stuff like this makes companies think twice about being a bad actor.

  5. Joe says:

    What about the settlement proceeds, when will they send them out?.

  6. edna says:

    I would like to know when we get paid for this law suit because i know it was settle a ready????

  7. Dinah says:

    when are they paying out the money…..

  8. Anonymous says:

    I would like to know when we get paid for this law suit because i know it was settle a ready????

  9. Jackie says:

    When will refunded check be issued and what amount should anyone be expecting back based on a year

  10. Vicki says:

    TurboTax and it’s bank took my refund and got their money which was only suppose to be $39.99. But ended up being $100.00 and then sent what was left BACK to the IRS!!!

    I finally got ahold of someone at the IRS and it will be at least another 30 days before I get my refund!

    I am so angry that I could spit nails!!

  11. jenny says:

    I had mine direct deposit so will this money be direct deposit…

    • Mel says:

      no it is not turbo tax refunding you money, it is you being paid by check (most likely) that will come from the law firm.

  12. Mel says:

    I contacted the people at the website, and they told me there are a lot of people involved and it may take a while to sift through every single person who is expecting a check. Everyone just needs to have patience, don’t be counting on a lot of money either, $1,637,500 is going to attorney fees out of the $6,550,000 that was awarded, and I am very sure there are millions of people that signed up.

  13. danny says:

    Don’t they have to mali checks by certain time

  14. diana says:

    Still haven’t heard anything of “checks” being sent – I paid them for 6 years of this . . totaling $179.70 . . wonder how much I will actually get back?? It will be interesting to see the check WHEN they mail them.

  15. Roxanne says:

    Diana darling,

    I would not hold them to it YET! …by now the letters should have gone out about how much and when ! but on the flip-side the filing date is this week for filing taxes 1/31/2014

    SO WHO KNOWS ! GOOD LUCK TO US ALL ! THEY OWE ME $89.85)-;AND I NEED MY MONEY NOWWWWWWW!!

  16. Lavender Lady says:

    When do we know about the settlement cash? How will they notify us? It was mentioned a filing date of 1/31/14 for filling. Can that be explained?

  17. Cr8zyl8dy says:

    Well from all the numbers I have seen it looks like all we will get is a meer $14.04. At least I can put it in the gas tank…lol


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