Tuesday, January 13, 2009

Geithner Didn't Pay Self-Employment Taxes Promptly: So What?

He said he wrote a check for the taxes and made an honest mistake.

Timothy Geithner paid most of the past-due taxes days before Obama announced his choice in November, according to materials released by the Senate Finance Committee. He had paid the remainder of the taxes in 2006, after the IRS sent him a bill.

The still-unpaid taxes were discovered by Obama's transition team while investigating Geithner's background. Obama's staff told senators about the tax issues Dec. 5.

Why didn't the IRS discover these irregularities and send him a bill? The Obama people had to audit his taxes and ended up finding out that he owed extra money. Geithner wrote the check and paid his dues so this shouldn't even be an issue. If the GOP blocks Geithner because of this then they really have lost all sense of reality.

No comments: