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Turbotax tweaks for Timmy

December 30, 2009

As a service for future Treasury Secretaries, Turbotax has updated its data entry screens. Mary O'Keeffe, proprietor of the Bed Buffaloes tax blog, provides screen shots.

Turbotax then:
20091230-1.jpg

Turbotax now:
20091230-2.jpg


Mr. Geithner famously blamed TurboTax for his skipping out on $35,000 of self-employment taxes on his foreign service income, which he finally paid without penalty to buy a ticket to his new job of running the tax system.

UPDATE: More from the TaxProf.

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» TurboTax's Timothy tweaks from Don't Mess With Taxes
Remember Treasury Secretary Tim Geithner's confirmation hearing troubles when it was revealed that he didn't pay self-employment tax on some of his earnings? That tax screw-up helped him make my decade in taxes list (#5). Remember, too, when Geithner t... [Read More]

Comments

which he finally paid without penalty to buy a ticket to his new job of running the tax system.

And all this time, I thought a position in the Obama administration WAS the penalty for failing to pay your taxes.

No, tax problems are just bonus points in the vetting process.

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