House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has selected the accounting firm Watkins, Meegan, Drury & Co. to do forensic accounting on his tax returns and congressional disclosure forms.
Rangel, who oversees tax-writing legislation in the House, has been under fire in recent months after reports emerged that he failed to pay taxes on nearly $75,000 in rental income from a vacation property he owns in the Dominican Republic (see Rangel to Hire Forensic Accountant). Other sources of income have been called into question as well, including a Florida condominium that he bought and sold for which discrepancies were found on his congressional disclosure forms.
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