KEY POINTS

  • Sasan Goodarzi owns 77,641 units of Intuit Inc. stock
  • He has an estimated net worth of $197.67 million
  • Aside from TurboTax, Intuit Inc. owns accounting software QuickBooks

Sasan Goodarzi is the Chief Executive Officer of Intuit Inc., the global technology platform that makes TurboTax, now accused of tricking customers into paying for what should be free services.

The CEO, who owns 77,641 units of Intuit Inc. stock, has an estimated net worth of $197.67 million, as per Benzinga.

In 2021, Goodarzi received $24.93 million in total compensation as the CEO, director and president of Intuit Inc., as per the Economic Research Institute.

Of the figure, $3.19 million was received as total cash, $21.73 million was received as equity and $10,000 was received as pension and other forms of compensation.

His 2021 compensation was nearly $5 million higher than the previous year ($20.32 million).

In a public letter on Monday, Sen. Elizabeth Warren and Reps. Katie Porter and Brad Sherman said they wanted information from Intuit Inc. about how much money the company makes off low- and middle-income filers and how many of its employees previously worked for federal agencies.

The legislators made the statement while accusing the company of manipulating tax filings and using former government officials to shield it from government action.

“Intuit deliberately hid its IRS Free File program from Google results using ‘dark 9 patterns'—adding code into the website to suppress results, and instead [of] pushing taxpayers into their in-house ‘freemium’ edition where they could be tricked into paying into services that should be free under Free File,” they wrote.

Intuit spokesperson Derrick Plummer denied the accusations, saying the company had been fair with its advertising practices.

"Over the past eight years alone, Intuit's free tax preparation offering has helped nearly 100 million Americans file their taxes completely free of charge. We are clear and fair with our customers and open and transparent about our advertising practices, and our participation in the Free File program was done in compliance and with the oversight of the IRS. We are reviewing the letter from Sen. Warren and other policymakers and [we] will respond," Plummer’s statement read.

The Federal Trade Commission recently sued the company over its advertisements for free filing services, claiming deceptive practices.

Aside from TurboTax, Intuit Inc. also owns accounting software QuickBooks and digital marketing company Mailchimp, among other finance-related software for consumers and small businesses.

US senior Senator Elizabeth Warren
US senior Senator Elizabeth Warren Creative Commons