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Senators admit to making tax errors and hiring outside accountants

Most accountants prepare their own tax returns, and doesn't it make sense that the folks in Washington who tell the accountants what should and shouldn't go on the tax returns would do the same?

The National Association of Enrolled Agents is reporting that in the fallout of the tax storm that plagued three (and still counting) of President Obama's Cabinet nominees, the Web site Politico.com issued a survey to the ninety-nine sitting U.S. Senators about their own tax histories. Of the 99 (the Minnesota Senate seat is still undecided), forty-one have yet to respond and thirteen declined to answer referencing their public financial disclosure documents.

Here are the responses received so far by Politico.com. See if your Senators have responded to the survey and if they are among those who have admitted some tax errors.

You can read the complete survey results.



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Amidst a certain amount of controversy, the AICPA and the Chartered Institute of Management Accountants have launched a new designation for global management accountants, the CGMA (Chartered Global Management Accountant). The designation is available to members of both organizations.
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Gail Perry, CPA
Editor-in-Chief, AccountingWEB
editor@accountingweb.com