Items tagged with Turbotax

Intuit, we're sure, loves free advertising, but not of this type. Tim Geithner has been roasted over the fact that while working for the International Monetary Fund, he failed to pay his Social Security and Medicare taxes as required. When asked about how he had his taxes prepared during that time, Geithner answered "I used TurboTax."Senator Charles Grassley replied: "The tax code is complex and tax preparers get it wrong; I appreciate you prepared your own returns." Geithner added that, to his recollection, the software did not prompt him to report income and pay self-employment taxes. "I mistakenly believed that I was meeting my obligations fully, including self-employment taxes, but I did... Read more...