Another tax problem. Ron Kirk this time

[Thrill]

he Senate Finance Committee released a statement revealing that Ron Kirk, Obama's nominee for trade rep, had to pay some back taxes...

"Mayor Kirk’s nomination team informed Finance Committee staff that in October, 2008 the mayor paid additional tax in the amount of $2,188 and additional interest in the amount of $139 for tax year 2006 after he was notified by the IRS that he had failed to report a speaking honorarium of $5,000 and dividend income of $819. The return was prepared by a paid tax preparer and filed jointly with his wife. The IRS identified the unreported income during a routine matching of Form 1099 income with the Kirks’ tax return.

"After reviewing Mayor Kirk’s tax returns for 2005, 2006 and 2007, Finance Committee staff submitted several questions to Mr. Kirk on February 6, 2009. The questions included a request for clarification of his practice of assigning honoraria to Austin College and whether the honoraria should have been reported as taxable income, substantiation of various charitable donations and other miscellaneous tax questions. Mayor Kirk provided written responses to the questions on February 17, 2009. He met with Finance Committee staff on February 19, 2009 for a due diligence meeting and to answer tax questions that had not been resolved by his written responses. Mayor Kirk submitted additional information to Committee staff on February 24, 2009 and February 28, 2009...

"Mayor Kirk has agreed to promptly file amended returns reflecting the adjustments discussed in this memo. Staff estimates the total tax adjustments on Mayor Kirk’s amended returns for 2005, 2006 and 2007 will be approximately $9,975."

[EraOfResponsibility]

1. *bangs head on desk*

[Still Sensible]

4. Like This? n/t

[EraOfResponsibility]

6. lol yes!

[Dappleganger]

2. Jesus, People--pay your fucking taxes!

Really getting tired of this shit.

[napi21]

3. That sounds to me like piss poor record keeping. I get 2 1099's

each year. One from the bank for my massive $7.00 interest, and one from my broker, again for a few dollars in dividends. I'm always meticulous in making sure to prepare a file folder to put them in, along with anything else that might pertain to our taxes. If you don't pay much attention to your mail, it's very possible to miss a 1099, especially if you get a LOT OF THEM! Most likely the same thing with the homoraria. Piss poor record keeping.

I suspect that happens when you have more money than you need to think about!

[GentryDixon]

5. Robert Bennett, R- Utah.

He paid back hundreds of thousands in back taxes. Where was the Repub outrage?

http://www.sltrib.com/News/ci_11653267

[FrenchieCat]

7. That's different!

He wasn't donating those dollars to a scholarship fund. :sarcasm:

[GentryDixon]

8. No, just putting them in his pocket.

Oh, I forgot, that's smiled upon by that set.

:grr:

[slackmaster]

9. Who cares?

Paying taxes is for suckas.

:hide:

[EffieBlack]

10. This shows just how hard it can be to get it right

I wonder how many of us would be able to withstand this scrutiny of OUR tax returns, no matter how careful we are.