Washington (Feb. 14, 2003) -- Glen Bower, nominated for the Tax Court bench, is taking steps to amend his past returns in response to concerns raised by the Senate Finance Committee regarding the proper treatment of several unreimbursed business expenses.
"The American public rightly expects a high degree of tax law compliance by those receiving paychecks based on their federal employment," said Committee chairman Charles Grassley.
"Like fifty percent of Americans, Mr. Bower's original tax returns were prepared by a tax professional," said Grassley. "In response to the committee's concerns, Mr. Bower reviewed the issues raised. Following this review, Mr. Bower took immediate and appropriate steps to correct a number of errors and will file amended federal and state tax returns for the three years involved."
According to Grassley, the amount of tax and interest that Bower is required to pay back involves hundreds of dollars. "Although this is not an insignificant amount," said Grassley, "his remedial action helps mitigate our concerns about this matter. Nominees seeking senior positions in the federal government have a duty and responsibility to ensure that they are complying with our tax laws and shouldering their fair share of this nation's revenue needs."
-- Electronic Accountant Newswire staff
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