April 24, 2007 > Late filers overtaxed Intuit system
Late filers overtaxed Intuit system
Silicon Valley / San Jose Business Journal
Wednesday, April 18_The Internal Revenue Service said it won't impose late fees on users of TurboTax and ProSeries software who missed the deadline to file because Intuit Inc.'s system was overwhelmed by a flood of last-minute tax filers.
Mountain View-based Intuit (NASDAQ:INTU), which makes the tax software, said a record number of returns from individual taxpayers and accountants began clogging the system up Tuesday, and as the midnight filling deadline approached the situation worsened.
During the peak periods, 50 to 60 returns were being processed per second, the company said.
IRS spokesman Bruce Friedland said the reprieve extends to people whose returns were held up in the blockage and those who tried to file Tuesday night but could not.