Word: audits
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...husband divided his time between visiting the hospital and trying to offset the effects of leaks. Then, last Friday night, Rockefeller himself disclosed that as a result of an Internal Revenue Service audit, he will have to pay an additional $896,173 in federal income and gift taxes for 1969-73, plus interest of nearly $125,000 and additional gift taxes of $7,545 for the first half of 1974. There was no hint of fraud of any kind...
...gained rights that could not be forfeited even if they left the company. Generally, the bill requires that employees be fully vested after ten or 15 years of service. In addition, employers must make specified minimum annual contributions to the fund, give the Secretary of Labor an annual audit certified by an independent accountant, and follow new rules aimed at honest management...
Even Wiggins conceded that attempts by John Dean to get the IRS to audit 575 supporters of Presidential Candidate George McGovern in 1972 were "absolutely indefensible." Nixon Defender Mayne similarly admitted that the plumbers had been "caught in a miserable crime" when they sought files from Daniel Ellsberg's psychiatrist. But in both instances, the loyalists insisted, there was no evidence that Nixon had approved the acts. Moreover, since the political audits never were carried out, New Jersey's Charles Sandman declared that to impeach Nixon for that would be to be punish him "for a thought...
...Judiciary Committee volume disclosed details of that hitherto secret IRS audit for the first time. In general, they paralleled the findings of the Joint Congressional Committee. One new area of tax underpayment was disclosed...
...inadequate security measures in effect, poor understanding by employees of the office's standard record-keeping procedures, and a generally "antiquated method for recording and reporting" the city's financial affairs. Beame may well have more explanations to make: Goldin's office will shortly release an audit of city employees' $7 billion pension funds...