Intuit to change TurboTax advertising

Intuit Inc. agreed Wednesday to change statements in an advertising campaign for its tax-preparation software TurboTax that competitor H&R Block Inc. said was misleading.

Kansas City, Mo.-based H&R Block sued Mountain View, Calif.-based Intuit last week in federal court, seeking to put an end to radio and television ads airing since Jan. 9.

The ads claimed that “more returns were prepared with TurboTax last year than at all the H&R Block stores combined.” Kansas City, Mo.-based H&R Block, which makes its own software called TaxCut, said in its court filing that its stores prepared more than 26 million returns last year while taxpayers used TurboTax to prepare 21 million returns.