Geithner, Rangle and Daschle.
For a good tax call 1-800-WE-LIED
For a good tax call 1-800-WE-LIED
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Ok
What tax issues did Daschle have and wasn't he voted out in 06? I remember him as an excessively liberal but otherwise unobjectionable Senator who I could imagine myself having a long and polite conversation with. -
Like most elitists who consider themselves entitled to special privilege, Dashle thinks things like chauffered cars & use of pviate jets should be a non-taxable perk for people as important as himself. Oh, and then there's the matter of $83K in conuslting services left off a return - surely just an honest error as it's easy for anyone to miss something that minor. Of course, when there's a higher-profile job to be had, suddenly he decides it's time to actually look at the rules and come clean.
I really hope that there will eventually be a court case where a taxpayer cites the Rangel/Geithner/Daschle situations as a basis for penalty abatement. At least Dashle has one thing going for him along these lines, as he can appeal to the Rangel/Geithner precedent when offering his own explanations to the US Congress (along with the obligatory apology, which absolves all wrongdoing if you're high enough in the food chain).
I don't share your opinion of him - I put him in the same class of partisan hacks that Nancy Pelosi & Harry Reid fall into.Last edited by JohnH; 01-31-2009, 09:23 AM."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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What's $250,000 amoungst friends. Simple oversight, all people forget to report some income from time to time, some just more then others.
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You Guys are ahead of me
I didn't find out until this morning that the President wants to put Daschle in the Cabinet and it was also this morning that I encountered notice of Daschle's tax problems for the first time other than on this board.
I have a bit of sympathy for Daschle if as I suspect he was an employee and followed what was on his W-2 even if he argued with the employer to get the W-2 that way. I think that while taxpayers need the ability to argue on their returns that their information documents are in some way wrong, there should be no possibility of having the IRS come down on taxpayers who follow wrong information documents. Come down on the company or the preparer or both but not the taxpayer.Comment
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Sure. Let us envision the Mighty Tom Daschle sweating over Turbox at his kitchen table with a furrowed brow as he pores over his W2 and ponders whether he has to claim this or that. Poor guy can't afford the very best tax advice money can buy. He knew. They all knew.
"We don't pay taxes. Only the little people pay taxes." Leona Helmsley RIP.Comment
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W2?
Was Daschle a W2 employee for the 83,000? I dont' think so, as it was "consulting
income".
One apologist on a talk show this morning sought to mitigate the situation by saying that
"the company didn't tell him he had income."ChEAr$,
Harlan Lunsford, EA n LAComment
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Bookmark the Drudge Report, take a quick peek at it once or twice a day, and then you'll notice that everything you read in the newspaper or hear on network TV is already old news by the time they get it out. In some cases, stories don't hit the airwaves or papers for 2, 3, or 4 days after they first appear on Drudge. You have to be discerning because some of his stories don't pan out, but I'd give him a 90%+ accruacy rate.Originally posted by erchess View Post"The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Part of the "mistake" was consulting fees, but it was the accountants fault.Comment
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Depending
On how many consulting fees he receives and how large his income is, I might be willing to believe he could accidentally leave 83K off.
I also say that if he followed his W-2 over the car situation then I wouldn't knock him out of a cabinet seat over that either.
In light of the new Treasury Secretary, I am not sure there is room for keeping anyone out of the cabinet over their taxes..Comment
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Would you take exception to his claiming $15K in charitable contributions he's not entitled to as well, especially since we are forced to harass our clients over Goodwill & Salvation Army receipts, or is that just another honest oversight worthy of the benefit of the doubt?"The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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OMG! Erchess has drunk of the Kool-aid chalice! Spit it out, man! It's poison!!! SPIT IT OUT!!!Comment
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I love this board.
B Hoffman you are a riot. Keep up the good work. By the way, I don't drink Kool Aid.
I discussed Daschle with client who has no patience with him. He said that I do what he pays me for doing, which is making sure that he reports all of his income and substantiates all his deductions and takes only those for which there is reasonable basis in the facts he can prove and in the law. He realizes that he could lie to me but he doesn't want to do that. He feels that Daschle knew that the wrong items on his return were both on it and wrong and that he either lied to his TP or deliberately sought out an unethical one willing to work with him on cheating or at the very very least was careless and reckless in giving data to the TP in a manner that this client thinks I do not put up with.
John H - when Drudge gets something wrong how long does it take him to retract the story?Comment
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Immediately.Originally posted by erchess View Post"The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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T/p Signs The Return
The bottom line is the taxpayer signs the return and is the responsible party.Comment
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