aop
ad

Congressman hires firm to probe rental tax

by AccountancyAge.com

17 Nov 2008

A congressman who oversees tax writing legislation in the US has hired forensic accountants to scrutinise his tax affairs, amid suggestions he has failed to pay taxes on some of his rental income.

House Ways and Means committee chairman Charles Rangel has selected accounting firm Watkins, Meegan, Drury & Co to do forensic accounting on his tax returns and congressional disclosure forms, webCPA.com reported.

He has been under fire in recent months after reports that he failed to pay taxes on nearly $75,000 (£50,000) in rental income from a vacation property he owns in the Dominican Republic.

Further Reading:

Read the webCPA.com story

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Digg
  • Tweet

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities