Trump's Fed pick owes more than $75,000 in taxes, IRS says

  • 📰 politico
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

United States Headlines News

United States Latest News,United States Headlines

Stephen Moore, President Donald Trump’s controversial pick for a Federal Reserve seat, has a $75,000 tax problem.

The IRS entered a federal tax lien on Jan. 29, 2018, for an unpaid balance of $75,328.80 for taxable year 2014, according to court records in Montgomery County, Md., where Moore has a home.Moore, a conservative tax policy specialist who worked on Trump's tax plan during the 2016 presidential campaign, disputed the IRS claim.

“The IRS owes us money; we don’t owe them money -- we had a $50,000 overpayment on our taxes,” he said, adding, “this has been like the audit from hell, we can’t get them to close this.” The dispute, he said, stems from an alimony and child support payment he made to his ex-wife. Alimony is tax deductible for divorces finalized before 2019. In deducting his alimony payments, Moore said, he erroneously claimed a deduction for child support payments, which are not deductible.Sign Up

By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. In response, according to Moore, the IRS struck out his full alimony deduction and added the figure to his tax burden, instead of just striking the child support deduction.“We’ve been in a dispute with the IRS now for years,” Moore added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Huelfox2 I don't know anybody in this country who doesn't owed unpaid taxes at the end of the year really so this is a issue

Vejcar I thought I couldn't be more stunned..this is just madness!

Stephen Moore is just a Trump kind of guy. 😂

😂😂😂😂😂🤣🤣🤣🤣🤣

I'm sure it will disappear like Kavanaugh's debt problem.

How do small time tax owers get audited but people owing thousands upon thousands, can just not pay...lock him up

Who cares as long as he shuts down the Federal Reseve! Stop paying them the debt we don’t owe!

All Trump's picks have tax problems!!! And no one cares!

My father and brother are CPAs. I have an MBA. No tax policy expert is going to make a mistake in adding child support payments for a deduction. Moore is full of s__t. He thought he would get away with it.

'Only the little people pay taxes' You would think he would get this taken care of in advance. StephenMoore irs taxes WallStreet Trump CNBC

shrug, good for him.

Did you forget about Obama’s Turbo Tax pick

You know who else had a cash problem? BRETT KAVANAUGH.

Takes a tax cheat to pick a tax cheat!!

Shld'nt b a problem? Obama's best buddy Al Sharpton was afforded time 2 pay IRS his millions$ in bck taxes. If he ever really did?

Shut down tbe damn borders .

WHY DO THEY KEEP GETTING AWAY WITH SH-T

Maybe the person who paid off Kavanaugh’s debt will come through here.

“I pick the best people!” 🤔

Yet another “best of the best....”

Great, another one of Trumps best people. Does he know anyone who isn’t a crook?

Now are these 'future tax problems' on income yet to be earned or is this a problem with his current 'tax situation' & taxes owed on real income or profits earned? Apologies to theonion but these guys are stealing your material right & left & trying to pass it off as their own.

But ...if he's on the fed board he could just lower rates increasing inflation and boom problem solved

martin_kj Wow, are there any conservatives who stay married? Lol 🙄

Now that might be a problem.

And clearly absolutely no idea what Fed Resetve does

What? Usually an anonymous person takes care of that when Trump nominates them...

And he's also COMPLETELY UNQUALIFIED!

Is that seriously the best the liberal media can do?

Once again, Trump always picks the 'best people.'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Costco's Kirkland brand has become a secret weapon worth as much as $75 billionCostco's Kirkland brand is worth nearly $75 billion, according to analysis from UBS. LKF- Kirkland brand pays for extra hang time for processing their chickens at FDA facilities, which improves the quality. If you want good chicken, Costco can’t be beat. Salmon is amazing too.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A 1-in-500,000 birth: Colombian baby born with twin growing inside her abdomenDoctors delivered Itzamara by cesarean section because the twin could crush her abdominal organs, the New York Times reported. Abortinception? Karl Pilkington knew It before.
Source: USATODAY - 🏆 100. / 63 Read more »

6 inexpensive destinations to spend your tax refundLooking to spend that tax refund? Airbnb rentals in these cities average less than $75 a night. Have been to them all! GetPacking TravelBug ✈️ ✈️✈️ After the Trump tax cuts, we’re gonna need to see a return on these investments. No ones getting a refund - had to pay the tax cuts for the rich!
Source: Newsweek - 🏆 468. / 52 Read more »

The Wing Is Partnering With Time's UpThe advocacy organization Time's Up joined a $75 million Series C funding round for The Wing, a network of work and community spaces designed for women, last December and they announced an official partnership today. The Wing and Time's Up will collaborate on events at all of The Wing's locations. 😉😉😉
Source: Forbes - 🏆 394. / 53 Read more »

Trump's Fed pick Moore reportedly owes more than $75,000 in taxesStephen Moore, whom President Donald Trump says he will nominate for a seat on the Federal Reserve, owes more than $75,000 in taxes and other penalties,... Another outstanding American citizen for Mr Trump, i had no idea there were so many criminal at Donalds disposal , I really hope Americas are keeping track, this has to be correct at the polls, what's going on will take years to fix hey just like Tim!! Geithner's Tax Troubles Are Serious via forbes
Source: MarketWatch - 🏆 3. / 97 Read more »

Trump's choice for Fed seat Stephen Moore owes $75,000 to IRSStephen Moore, President Donald Trump's pick for a seat on the Federal Reserve Board, owes $75,000 in taxes and penalties to Uncle Sam. Only the best people. Oh brother. And he is also dumber than a box of rocks. Perfect fit for Trump. Why is a tax evading criminal like StephenMoore allowed face time on CNN? Isn't he a paid contributor? TheResistance BlueWave MAGA QAnon cspan cspanwj
Source: CNN - 🏆 4. / 95 Read more »

Trump's pick for Federal Reserve owes more than $75,000 in taxes, court record showsPresumptive Federal Reserve nominee Stephen Moore owes more than $75,000 in taxes and other penalties, a court filing indicates. Lol! Let me guess he dodged the draft too? Don’t worry taxpayers will pay it for him! Watch! So, here starts the smear campaign. Note Moore has been a guest on CNBC many times.
Source: CNBC - 🏆 12. / 72 Read more »

IRS says pilot can’t claim his prized WWII plane as a business tax deductionThe pilot says he planned to turn the plane into his nest egg.
Source: MarketWatch - 🏆 3. / 97 Read more »

Trump breaks precedent again with latest Fed pickCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Noooooo waaayyy! As history repeats itself, expect a poorly written tweet in about six weeks dismissing him and disavowing any previous knowledge of him bc, ya know... OnlyTheBestPeople! 😒 Stephen Moore is an Accountant, media version of a Barney Fife. He admits he knows nothing about the job he is being appointed to- how much luckier can the American People get- none of the Appointees know anything about the jobs they are appointed to.
Source: CNN - 🏆 4. / 95 Read more »