Schwarzenegger’s tax lien terminated

California is still coping with shaky state finances, but its chief executive is in much better fiscal shape today.

Gov. Arnold Schwarzenegger's promise that he'd be back in the good graces of the IRS came true Friday afternoon when the feds cleared the $79,064 lien they had filed in connection with Ahnold's personal tax returns. 

Schwarzenegger had always maintained that he had paid Uncle Sam and that the apparent overdue taxes — $39,047.20 from 2004 and $40,016.80 from 2005 — were the result of "a minor paperwork tracking discrepancy."

It seems that the explanation was indeed the true truth, not True Lies. (Sorry. I know it's a stretch, but I couldn't resist.)

A Schwarzenegger spokesman said the problem was a computer glitch on the governator's payroll tax filings for the two years in question.

But the Golden State's top official didn't get off completely. Schwarzenegger was charged $20.50 for administrative fees.

Related posts:

• Schwarzenegger hit with $79,000 tax lien
  
• Californians face added withholding
• Californians, your tax IOUs are in the mail
• California tax hikes on the way

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