September 5, 2012
Tax Court Rejects Geithner/Turbo Tax DefenseBartlett v. Commissioner, T.C. Memo. 2012-254 (Sept. 4, 2012):
Petitioner admits that her income was misreported and that her taxable income was underreported. She maintains that she reported all of her income and that the mistakes made were "honest mistakes" resulting from her lack of familiarity with the TurboTax program. Petitioner claims she used the audit portion of the TurboTax program, believing the audit portion would catch any mistakes she otherwise might make. ...
It is apparent that a portion of the information petitioner entered into the TurboTax program was incorrect; hence the mistakes made (which resulted in the underpayment) were made by petitioner, not TurboTax. TurboTax is only as good as the information entered into its software program. See Bunney v. Commissioner, 114 T.C. 259, 267 (2000). Simply put: garbage in, garbage out.
Prior TaxProf Blog coverage:
- Geithner Blames Turbo Tax For His Tax Troubles (Jan. 22, 2009)
- TurboTax, Geithner Edition (June 30, 2009)
- Tax Court Rejects Taxpayer's Attempt to Use Geithner's TurboTax Defense (Aug. 26, 2009)
- Tax Court Rejects "Geithner Defense," Says Reliance on TurboTax Does Not Excuse Taxpayer From Penalty for Errors on Tax Return (Apr. 20, 2010)
- Tax Court Rejects Geithner/TurboTax Defense (June 23, 2010)
- Tax Court Again Rejects Geithner/TurboTax Defense (Nov. 12, 2010)
- For First Time, Tax Court Approves Use of Geithner/Turbo Tax Defense (Nov. 25, 2011)
- Taxpayers Should be Able to Use Geithner/TurboTax Defense (Apr. 16, 2012)
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Turbotax gets income with respect to a decedent wrong, no matter what you enter.
I wonder what the tax treatment is for that.
Posted by: rhhardin | Sep 5, 2012 2:59:37 PM
If possible and feasible depart the sinking ship that is the USA and relocate to a country/culture appealing to you.
Posted by: Obbop | Sep 5, 2012 5:28:30 PM
I don't think anything I've seen in the last twenty years of politics disturbs me quite as much as the pass Geithner got on his obvious lies about his income and how easily he was able to slide.
Posted by: George | Sep 5, 2012 6:43:20 PM
From this I conclude that Turbo-Tax is Republican. Not that their all red in the logo was not already a dead giveaway of their right-wing extremism
Posted by: DEEBEE | Sep 6, 2012 6:05:37 AM