Intuit Rolls Out iPhone Tax Software

Intuit, the developer of the popular TurboTax tax filing software, said Tuesday that it has rolled out a new, iPhone application which will allow users to file simple tax returns. According to Intuit, its new SnapTax software uses image recognition and optical character recognition to allow users to file simple tax returns using their iPhone camera. The new software--which is expected to cost $9.99 to download from the App Store--lets taxpayers answer a number of questions, and then snap a photo of their 2009 W-2s. The firm claims it will take "a matter of minutes" for electronic filing of returns. Intuit said it is expecting availability of the app later this month in Apple's iTunes App Store. Intuit's TurboTax developers are based in San Diego.