Annual Tax Turkey Awards

Annual Tax Turkey Awards
 
New York, NY:  Brendan Pack, CEO of Tax Academy.com, a multimillion dollar company based in New York City and services over 100,000 companies, has announced today the annual Tax Turkey awards being given to government officials for their potential tax-related problems.  The winner will receive a 14k gold "Tax Turkey" plaque.  The top five are as follows:
 
Caroline Kennedy: 
Quit her bid for Senate seat due to "personal" reasons, including "tax" problems.  Sources cite that Kennedy ended her campaign for Hillary Clinton's vacant Senate seat due to "potentially embarrassing" situations with tax liabilities and employment with nanny. Ms. Kennedy's only tax issue on the public record appeared to be a $615 city tax lien that she settled in 1994, a minuscule amount for a multimillionaire.
 
Charles Rangel:
In 2008, the chairman of the tax-writing House Ways and Means Committee was accused of failing to report $75,000 in rental income for a villa he owned at the Punta Cana Yacht Club, in Punta Cana, Dominican Republic.  Documents also released showed that Rep. Rangel paid no interest on a mortgage used to purchase the beach property.  His attorney, Lanny Davis, claims these financial issues were unintentional, and Rep. Rangel wasn't previously aware of his failure to disclose the income because most of the mailings were sent to his wife.  Republicans have called for the removal of the Congressman from the House Ways and Means Committee, which writes the nation's tax laws, and an investigation has been implemented.
 
Tom Daschle:
President Obama's pick to head the Health and Human Services Department, Tom Daschle, recently filed amended tax returns to report $128,203 in unpaid taxes and $11,964 in interest for 2005-2007.  His amended taxes reflect additional income for consulting work, the use of a car service, and reductions in charitable contribution deductions.  Daschle has paid the IRS taxes and interest for this error, which has delayed his confirmation as Obama's appointed advisor. 
 
Timothy Geithner:
President Obama's pick for Treasury Secretary, Timothy Geithner, disclosed to Senators that he failed to report $34,000 in self-employment taxes from 2001-2004.  Although his confirmation hearing was delayed, this tax mistake did not cost him his position as Treasury Secretary, which includes oversight of the IRS. 
 
William Jefferson:
The Congressman was defeated in the 2008 election; however his controversy started a couple years prior to his loss.  In 2006, the FBI raided Jefferson's home and claimed they found over $90,000 Jefferson took in bribes, some of the cash stashed away in the freezer.  Rep. Jefferson was indicted on 16 charges of corruption by a federal grand jury and stripped of his membership on the House Ways and Mean's Committee, yet the controversy did not end.  In June of 2008, his sister pleaded guilty to a Federal fraud scheme. 
 
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