Word: audits
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Neither agency nor committee made any accusation of fraud on the part of the President and, as good as his word when he invited the committee to audit his returns last December, Nixon promptly declared that he would pay the IRS bill. His present tax lawyers, Kenneth W. Gemmill and H. Chapman Rose, dissented from that decision, arguing that if permitted to contest the IRS findings through the courts, they could significantly reduce the amount. Most tax experts agree, but that course was clearly not open to the nation's No. 1 taxpayer at a time when he is fighting...
...Nixon's case. In fact, in the brief statement announcing that it had closed the audit of Nixon's taxes, the IRS explained that it "did not assert the civil fraud penalty [on the President] because it did not believe that any such assertion was warranted." Such a charge would require evidence that Nixon had colluded with his tax accountants, attorneys and aides to produce a fraudulent return. Apparently for similar lack of evidence, the IRS did not impose a 5% penalty on the President for negligence. The most severe course of action in tax cases is to prosecute...
...under-reported his gasoline tax deduction for 1972 by $10.08?which it applied in figuring what he should have paid in income tax for the year. Much of this perhaps seems petty, but it is no more nor less than any ordinary taxpayer goes through on an audit...
...presidential audit, Woodworth initially assigned six experts, later increased the number to 22, which is practically his entire staff. He oversaw the research, wrote the report, and takes responsibility for its conclusions, though he consulted with the rest of the staff before reaching them. Woodworth was not pleased to get the job in the first place. He explained: "It bothered me a great deal. I didn't like the responsibility?I was aware of the implications. But I felt that the very basis of our voluntary tax system depended on it. I also knew that this report was bound...
...this winter may well have completely eliminated any communication between home and school. The latest educational innovation, imposed upon Dallas parents and children for the first time this fall, is an 8½-in. by 14-in. number-filled sheet that looks more like a page from a company audit than a report card. To assist them in deciphering the report, which is used for kindergarten through third grade, pupils' parents are supplied with a 32-page booklet called Your Child Starts School and a 28-page manual with the remarkable title Terminal Behavioral Objectives for Continuous Progression Modules...