IRS Files Tax Lien Seeking More Than $800,000 from Sen. John Kerry’s 2004 Presidential Campaign
John Kerry’s dispute with the IRS over payroll taxes makes him the latest politician with tax problems to make headlines.
According to The Washington Times, the Internal Revenue Service has filed a tax lien seeking more than $800,000 from Sen. John Kerry’s 2004 presidential campaign, escalating a dispute over payroll taxes that the lawmaker’s office blames on faulty government paperwork.
The candidate must now convince the government’s tax collector that his campaign already paid the taxes and doesn’t owe any more.
Kerry’s office said the IRS claim is erroneous and that the campaign paid its taxes correctly in 2004 when the Massachusetts Democrat challenged President Bush and lost.
The IRS filed a tax lien earlier this year, claiming that a previous attempt to collect the money was unsuccessful. The IRS is taking action more than a year after the campaign closed its books and sent nearly $200,000 in leftover presidential campaign money to Kerry’s Senate election fund.
Payroll tax problems should not be taken lightly. IRS penalties can add up quickly and IRS levies on your wages and bank accounts can cause you to lose your business!
** If you have payroll tax problems or are in trouble with the IRS, our specialized staff of tax attorneys, CPAs, EAs and tax professionals can help. Visit the Tax Resolution Services web site for a free tax relief consultation or call us at 866-IRS-PROBLEMS.
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