TurboTax ate my Schedule SE
Remember when Treasury Secretary Tim Geithner testified about how he had screwed up his tax returns? Here's how it should have gone:
Meanwhile, Geithner's IRS throws the book at the little people with the same excuse. [Via TaxProf Blog.]
| Posted at 2:52 PM | Permalink |
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Comments (2)
"BUT SOME ANIMALS ARE MORE EQUAL THAN OTHERS"
G. Orwell
Posted by LucsAdvo | June 24, 2010 4:23 AM
This still sticks in my craw -- whenever I hear Geithner speak I think those are the words of a liar and manipulator.
It is not just that he failed to pay the self-employment tax. Geithner's employer grossed up his income to cover the tax, an amount which Geithner pocketed instead of remitting to the IRS. The income was accepted under false pretenses, a mere step or two away from embezzlement.
When I compare what we do in our family, where we religiously maintain records and report the net income of the little side business we run (muchly on a cash basis), it is hard to respect the man.
Posted by Grady Foster | June 24, 2010 5:30 AM