tag:blogger.com,1999:blog-2000061249436912064.post8693402190090137958..comments2023-10-28T05:14:28.496-05:00Comments on Just my little piece of the world: Tom Daschle Tax Problems too big to handle???Annettehttp://www.blogger.com/profile/16344077085109588258noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2000061249436912064.post-10135501355851211512009-02-01T12:07:00.000-06:002009-02-01T12:07:00.000-06:00I have a different perspective but it still leads ...I have a different perspective but it still leads to the same conclusion (that if Daschle's a problem confirmation, get someone else).<BR/><BR/>But I do have to say that at his level, these kinds of tax issues are common. Just like a worker rounds up his W-2's & other paperwork & uses them to calculate his taxable income, so a consultant rounds up his 1099's for his accountant to calculate his taxable income. The company who provided his car & driver was supposed to issue him a 1099 that Dashle would've used to calculate his taxable portion. By their own admission, they did not. So I can see how that slipped by. The other issues of charitable donations & deductions are also understandable but faulty interpretation of tax law. <BR/><BR/>Most tax accountants will advise such a client to take a deduction for which a case can be made and not report income he didn't receive a 1099 for and WAIT for the IRS to catch it & send him a tax bill. I don't condone it, but in many cases, tax law is not clear and the only way to test your case is to file a return & wait for the IRS to audit it. <BR/><BR/>I agree Dashle is compromised. But I also hate that the repubs have grabbed onto this issue in the wake of their success at tainting Geithner. In Geithner's case, they argued they only looked at his tax problem because his very cabinet position was directly involved with taxes. That does not seem to apply to Daschle's proposed cabinet post. Nevertheless, under their examination, it taints him in the public eye and that may be reason enough for withdrawal. Honestly though, it reminds me of all the Nanny-gate tax hunts for the Clinton cabinet nominations.D.K. Raedhttps://www.blogger.com/profile/01451065603615752038noreply@blogger.comtag:blogger.com,1999:blog-2000061249436912064.post-48421647803376906032009-02-01T11:48:00.000-06:002009-02-01T11:48:00.000-06:00I think so too DCap... sure seems like it.. to wai...I think so too DCap... sure seems like it.. to wait from June till January to do something.. just seems off to me..Annettehttps://www.blogger.com/profile/16344077085109588258noreply@blogger.comtag:blogger.com,1999:blog-2000061249436912064.post-21021533816021770162009-02-01T10:45:00.000-06:002009-02-01T10:45:00.000-06:00i have a real problem with this one -- mainly beca...i have a real problem with this one -- mainly because daschle was trying to hide something (at least i think so) -- daschle should remove himself -- this will become an albatross for obama -- daschle has plenty of enemies on the right - and having him in a critical position with health care on the horizon --- with this problem -- IS a problemDistributorcaphttps://www.blogger.com/profile/10149154929149577121noreply@blogger.com