IRS lien brings back an old scandal for Clinton friends

They are not movie stars, but the names of Harry Thomason and his wife, Linda Bloodworth-Thomason, are well known in Hollywood, in Washington, D.C., and now on the rolls of delinquent taxpayers.  

On March 23, the Internal Revenue Service filed a lien against the couple in the amount of $294,301. The lien was filed with the Los Angeles County Recorder of Deeds.
 
Harry Thomason declined to offer a reason for the delinquency, but he told The Detroit News, "It is an issue that our accountants and the IRS are diligently working to resolve and it's quite possible that it will be resolved by the time your report is printed."
 
In the world of entertainment, the Thomasons are best known for running Mozark Productions, which created such TV shows as Designing Women, The Fall Guy, Evening Shade, and Emeril.
 
In Washington, D.C., the Thomasons have a different kind of fame.
 
During Bill Clinton’s first presidential campaign, the Thomasons provided air charter service through a company they co-owned with partner Darnell Martens. As close friends of Bill and Hillary, they also served as chairs of the 1993 presidential inauguration.
 
Later, the couple produced a documentary, The Hunting of the President, which looked at what they called the “myths and truths behind the nearly 10-year campaign to systematically destroy the political legacy of the Clintons.”
 
And, very early in the Clinton administration, the Thomasons were neck-deep in a White House scandal known as Travelgate.
 
Related articles:
 

You may like these other stories...

Regulators struggle with conflicts in credit ratings and auditsThe Public Company Accounting Oversight Board (PCAOB), which was created by the Sarbanes-Oxley Act in 2002, released its third annual report on audits of...
Could the IRS disallow Ice Bucket Challenge charitable contributions?Unless you’ve been living under a rock, you’ve probably heard of – or participated in – the ALS Ice Bucket Challenge.I was...
As a general rule, a taxpayer can deduct the full amount of monetary contributions made to a qualified charitable organization, as long as certain substantiation requirements are met. These donations are typically made...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.