Trump's expected Fed pick Stephen Moore owes the IRS $75,000
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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
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.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Is the AI bubble deflating?
Today's Big Question Growing skepticism and high costs prompt reconsideration
By Joel Mathis, The Week US Published
-
Crossword: April 26, 2024
The Week's daily crossword puzzle
By The Week Staff Published
-
Sudoku hard: April 26, 2024
The Week's daily hard sudoku puzzle
By The Week Staff Published
-
Ukraine cheers House approval of military aid
Speed Read Following a lengthy struggle, the House has approved $95 billion in aid for Ukraine and Israel
By Peter Weber, The Week US Published
-
Poland, Germany nab alleged anti-Ukraine spies
Speed Read A man was arrested over a supposed Russian plot to kill Ukrainian President Zelenskyy
By Peter Weber, The Week US Published
-
Israel hits Iran with retaliatory airstrike
Speed Read The attack comes after Iran's drone and missile barrage last weekend
By Peter Weber, The Week US Published
-
Peter Murrell: Sturgeon's husband charged over SNP 'embezzlement' claims
Speed Read SNP expresses 'shock' as former chief executive rearrested in long-running investigation into claims of mishandled campaign funds
By Arion McNicoll, The Week UK Published
-
Mark Menzies: Tories investigate MP after 'bad people' cash claims
Speed Read Fylde MP will sit as an independent while party looks into allegations he misused campaign funds on medical expenses and blackmail pay-out
By Arion McNicoll, The Week UK Published
-
Why Johnson won't just pass Ukraine aid
Speed Read The House Speaker could have sent $60 billion in military aid to Ukraine — but it would have split his caucus
By Peter Weber, The Week US Published
-
Sudan on brink of collapse after a year of war
Speed Read 18 million people face famine as the country continues its bloody downward spiral
By Peter Weber, The Week US Published
-
Trump's first criminal trial starts with jury picks
Speed Read The former president faces charges related to hush money payments made to adult film star Stormy Daniels
By Peter Weber, The Week US Published