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post #1 of 6 (permalink) Old 03-31-2009, 05:06 PM Thread Starter
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More honest mistakes..

I'm sure many of you are familiar with the "business expense deductions".

Quote:
Sebelius admits errors, pays $7,000 in back taxes

By ERICA WERNER – 26 minutes ago

WASHINGTON (AP) — Health and Human Services nominee Kathleen Sebelius has corrected three years of tax returns and paid more than $7,000 in back taxes after finding "unintentional errors" — the latest tax troubles for an Obama administration nominee. The Kansas governor explained the changes to senators in a letter dated Tuesday that was obtained by The Associated Press. She said they involved charitable contributions, the sale of a home and business expenses.

She and her husband paid a total of $7,040 in back taxes and $878 in interest to amend returns from 2005-2007.

Several Obama administration nominees have been derailed by tax issues, notably the president's first nominee for HHS secretary, former Senate Democratic leader Tom Daschle. He withdrew from consideration while apologizing for failing to pay $140,000 in taxes and interest.

Finance Committee Chairman Max Baucus, D-Mont., quickly issued a statement supporting Sebelius' nomination.

"Congress is going to need a strong partner at the Department of Health and Human Services to achieve comprehensive health reform this year, and we have that partner in Gov. Sebelius," Baucus said. "There is absolutely no doubt in my mind that Gov. Sebelius has the political experience, determination, and bipartisan work ethic to get the job done with Congress this year. She's the right person for the job."

Sebelius is to appear Thursday before Baucus' committee, which will vote on sending her nomination to the full Senate. Sebelius testified Tuesday before the Senate's Health, Education, Labor and Pensions Committee before the tax issue became public, getting a friendly reception.

In her letter to Baucus and the top Finance Committee Republican, Sen. Chuck Grassley of Iowa, Sebelius wrote that the errors were discovered after she and her husband, Gary, a federal magistrate judge in Kansas, hired an accountant to review her returns in preparation for her confirmation hearing.

The accountant discovered these errors:

_Charitable contributions over $250 are supposed to include an acknowledgment letter from the charity in order for a deduction to be taken. Out of 49 charitable contributions made, three letters couldn't be found.

_Sebelius and her husband sold their home in 2006 and then took a mistaken deduction for mortgage interest.

_Insufficient documentation was found for some business expense deductions.

An administration official said Sebelius filed the amended returns before her nomination papers were sent to the Senate Finance Committee. Sebelius advised the committee of the mistakes, and senators requested an explanation, said the official, speaking on condition of anonymity because of the sensitivity of the issue.

In a letter to Sebelius, Baucus and Grassley wrote that they'd reviewed the three years of amended returns and "no additional items were identified that needed to be addressed."
...
The Associated Press: Sebelius admits errors, pays $7,000 in back taxes
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post #2 of 6 (permalink) Old 03-31-2009, 05:20 PM
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I don't see mischief, those are typical errors

Quote:
_Charitable contributions over $250 are supposed to include an acknowledgment letter from the charity in order for a deduction to be taken. Out of 49 charitable contributions made, three letters couldn't be found.

_Sebelius and her husband sold their home in 2006 and then took a mistaken deduction for mortgage interest.

_Insufficient documentation was found for some business expense deductions.
Keep fishing...
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post #3 of 6 (permalink) Old 03-31-2009, 05:27 PM
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Originally Posted by mlfun View Post
I'm sure many of you are familiar with the "business expense deductions".
JANE!!! You self righteous, IGNORANT SLUT!!!

How many people use an accountant and like it when the accountant shaves their tax bill down? Anyone? Oh yeah, lots of people in the over $250K per year bracket....and below.

How many of those tax returns would pass the present level of scrutiny, from an appearances (whether legal or not) basis that, if not amended would attract undue attention to their personal finances? Is it easier to amend the returns, pay the taxes and the interest, and get on with it? Yeah, $7k in back taxes and $850 in interest - sounds like half a day's work from some PR company trying to make less of the issue.

Oh, well except for you mlfun. You would punish yourself for being such an evil person, right? Jam that penis into the electric pencil sharpener and learn not to sharpen your pencil on the 1040 forms, eh?

Get real.

Jim
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post #4 of 6 (permalink) Old 03-31-2009, 05:30 PM
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ouch
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post #5 of 6 (permalink) Old 03-31-2009, 05:38 PM Thread Starter
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Originally Posted by JimSmith View Post
JANE!!! You self righteous, IGNORANT SLUT!!!

How many people use an accountant and like it when the accountant shaves their tax bill down? Anyone? Oh yeah, lots of people in the over $250K per year bracket....and below.

How many of those tax returns would pass the present level of scrutiny, from an appearances (whether legal or not) basis that, if not amended would attract undue attention to their personal finances? Is it easier to amend the returns, pay the taxes and the interest, and get on with it? Yeah, $7k in back taxes and $850 in interest - sounds like half a day's work from some PR company trying to make less of the issue.

Oh, well except for you mlfun. You would punish yourself for being such an evil person, right? Jam that penis into the electric pencil sharpener and learn not to sharpen your pencil on the 1040 forms, eh?

Get real.

Jim

Do the back of envelope math and realize there are tens of billions of dollars of such shrinkage in the tax revenues each year.

Enough to pay for some of the social programs you so espouse.
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post #6 of 6 (permalink) Old 03-31-2009, 06:29 PM
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Originally Posted by mlfun View Post
Do the back of envelope math and realize there are tens of billions of dollars of such shrinkage in the tax revenues each year.

Enough to pay for some of the social programs you so espouse.
And the world is not exactly spherical, and sometimes it rains when you want to be outside.

The tax code is, possibly inadvertently but most likely purposefully, a challenge to play a game, with the higher paid accountants the professional players for hire. Change the tax code and make it simple and some of this stuff will just expire because the accountants will not be able to earn their keep. But until that happens, this falls in the "the earth is not really spherical and sometimes it rains when you want to be outside" category.

Oh, and the money could buy some bombs that you seem to like to have our soldiers drop on random people in the world as their introduction to our foreign policy....might be a big rumble to see if it went to bombs or the social programs so we may be just as well off without it.

Jim
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