Senators admit to making tax errors and hiring outside accountants | AccountingWEB

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.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.