Deadline Filers Swamp TurboTax Computers

Last-minute returns swamped TurboTax's computers, and many did not go through on time. The company has told the IRS about the problem, but there's no word yet if taxpayers who were affected will be penalized.

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In today's last word in business, TurboTax may have to file for a tax extension. Procrastinators who used this popular tax-preparation software to file at the last minute overwhelmed computers at Intuit, the maker of TurboTax. At one point, the company received 50 to 60 returns a second, and many did not get through on time. Intuit contacted the IRS to let it know about the problem, but there's no word yet if late returns will cost taxpayers a penalty.

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