del
Diamond Member
- Banned
- #1
a SecTreas who has been evading his tax obligations?
who tried to take a deduction for his kid's overnight camp expenses?
who only paid his taxes because he was about to be appointed SecTreas?
just curious...
"Whenever he goes before the Finance panel, Geithnerwhose myriad responsibilities in his new post would include authority over the IRSis likely to face a grilling about his tax errors.
He failed to pay self-employment taxes for money he earned from 2001 to 2004 while working for the International Monetary Fund, according to materials released by the committee Tuesday.
He paid some of the taxes in 2006, after an IRS audit discovered the discrepancy for taxes paid in 2003 and 2004. But it wasn't until much laterdays before Obama tapped him to head Treasury late last yearthat Geithner paid back most of the taxes, incurred in 2001 and 2002. He did so after Obama's transition team found that Geithner had made the same tax mistake his first two years at the IMF as the one the IRS found he made during his last two years there. "
Tax problems derail fast Senate OK for Geithner
"A bipartisan document released by the Senate Finance Committee showed that on Geithner's tax returns in 2001, 2004 and 2005, he claimed a dependent child-care tax credit for time that his children spent at overnight camps. When an accountant apprised him in 2006 that the credit is for things such as after-school care, not overnight camps, Geithner failed at the time to amend his past returns.
The document said the most significant tax concern was Geithner's failure to pay Social Security taxes during his time at the IMF from 2001 to 2003. He sent the IRS and the state of Maryland estimated tax payments that corresponded with federal and state tax allowances, but he didn't write checks for the corresponding self-employment tax allowance, even though he signed an annual tax-allowance request from the IMF."
Treasury nominee Geithner faces scrutiny over taxes, housekeeper - Politics AP - MiamiHerald.com
meet the new boss.....
who tried to take a deduction for his kid's overnight camp expenses?
who only paid his taxes because he was about to be appointed SecTreas?
just curious...
"Whenever he goes before the Finance panel, Geithnerwhose myriad responsibilities in his new post would include authority over the IRSis likely to face a grilling about his tax errors.
He failed to pay self-employment taxes for money he earned from 2001 to 2004 while working for the International Monetary Fund, according to materials released by the committee Tuesday.
He paid some of the taxes in 2006, after an IRS audit discovered the discrepancy for taxes paid in 2003 and 2004. But it wasn't until much laterdays before Obama tapped him to head Treasury late last yearthat Geithner paid back most of the taxes, incurred in 2001 and 2002. He did so after Obama's transition team found that Geithner had made the same tax mistake his first two years at the IMF as the one the IRS found he made during his last two years there. "
Tax problems derail fast Senate OK for Geithner
"A bipartisan document released by the Senate Finance Committee showed that on Geithner's tax returns in 2001, 2004 and 2005, he claimed a dependent child-care tax credit for time that his children spent at overnight camps. When an accountant apprised him in 2006 that the credit is for things such as after-school care, not overnight camps, Geithner failed at the time to amend his past returns.
The document said the most significant tax concern was Geithner's failure to pay Social Security taxes during his time at the IMF from 2001 to 2003. He sent the IRS and the state of Maryland estimated tax payments that corresponded with federal and state tax allowances, but he didn't write checks for the corresponding self-employment tax allowance, even though he signed an annual tax-allowance request from the IMF."
Treasury nominee Geithner faces scrutiny over taxes, housekeeper - Politics AP - MiamiHerald.com
meet the new boss.....
