Trump's expected Fed pick Stephen Moore owes the IRS $75,000

IRS headquarters.
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President Trump's likely nominee for a seat on the Federal Reserve Board, Stephen Moore, owes the government more than $75,000 in taxes and other penalties, Bloomberg reports.

Bloomberg obtained a court filing from January 2018 showing the government won a judgment against Moore for $75,328.80. The filing stated it was for unpaid taxes from the 2014 tax year, and extra penalties could be added. It was filed in Montgomery County, Maryland, where Moore owns a home. Moore, a senior fellow at the conservative Heritage Foundation, told Bloomberg any questions about the lien should go to his wife, Anne Carey.

Carey said that when filling out his 2014 tax forms, Moore accidentally claimed the sum of his alimony and child support payments to his ex-wife, but only alimony is deductible. Moore moved, she said, and never received the IRS notices that he had been audited.

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Carey stated the couple will pay the fines as soon as possible, while still disputing the matter. She also said over the last few years, they've paid $50,000 more than they should have to the IRS and want that money refunded when they file their 2018 return. "It was not an attempt at defrauding the U.S. government," Carey told Bloomberg.

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