Midknight Review -- new and revised: Remember "Timothy Geithner - tax cheat" ? Well, blaming Turbo-Tax will is a defense he will not be allowed to use !!

Remember "Timothy Geithner - tax cheat" ? Well, blaming Turbo-Tax will is a defense he will not be allowed to use !!

Posted On: April 23, 2010 by Mitchell A. Port

"Geithner Defense" Rejected By Tax Court

This past Monday, the Tax Court held that blaming TurboTax for errors on a return did not excuse the taxpayer from penalties. Lam v. Commissioner, T.C. Memo. 2010-82 (Apr. 19, 2010).

Misuse of TurboTax, even if unintentional or accidental, is not a defense to the Internal Revenue Service imposing penalties. You must still show a reasonable cause for the underpayment of taxes to avoid penalties.

Need help with finding an accountant to prepare your tax return so you can avoid penalties if you are nervous about using software to prepare taxes, call Mitchell A. Port at 310.559.5259 for a referral. If you want your tax problem fixed, call Mitchell A. Port.

Editor's notes: let's not forget that this genius placed, as a legitimate business deduction, sending his little girl to summer camp.

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The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Remember "Timothy Geithner - tax cheat" ? Well, blaming Turbo-Tax will is a defense he will not be allowed to use !!

"Geithner Defense" Rejected By Tax Court

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