Word: blech
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...back taxes as assessed by the Internal Revenue Ser vice, his tax problems are not over. At the specific request of the IRS, Special Prosecutor Leon Jaworski will apparently ask a federal grand jury to decide whether Nixon's tax advisers, Attorney Frank DeMarco and Accountant Arthur Blech, should be charged with fraud. DeMarco, at least, is not likely to accept the full blame under any such accusation. At the same time, IRS Commissioner Donald Alexander, by will ingly declaring that Nixon had not been accused of fraud himself but then issuing a series of "no comments" to questions...
Frank DeMarco and Accountant Arthur Blech, both of Los Angeles. Last week, Special Prosecutor Leon Jaworski directed his staff to investigate whether the two men had violated any laws. The White House statement disavowing any presidential responsibility for errors in the returns in effect pinned the blame for them on DeMarco and Blech. Further, presidential aides sought to give the impression that the two men had worked independently of Nixon and that he had merely glanced over his returns before signing them...
...investment company that had been set up by his close friends, Robert Abplanalp and Charles G. ("Bebe") Rebozo. Some presidential advisers thought that there had been a capital gain, as Coopers & Lybrand also later found. But Nixon followed the advice of his tax accountant, Arthur Blech, who made some arbitrary valuations of the remaining property and concluded that Nixon had sold the land for as much as he paid for it?thus no profit. The committee staff, however, determined that the land was worth $1,031,164 at the time of the sale, giving Nixon a profit...
...donation of his public papers was at least technically illegal?because the paper work was not completed before the law allowing such deductions expired?and he hinted that he would have to pay a large sum in back taxes. His own tax accountant, Arthur Blech, was quoted last week as saying that he objected to some of Nixon's 1970 and 1971 deductions but had been prevented, apparently by White House aides, from telling the President of his misgivings before returns were filed...
...White House has admitted that the President's financial advisers differ on this point. Coopers & Lybrand, the firm called in recently to audit NIXon's accounts, figured that he had a capital gain of $117,370. But Nixon followed the counsel of his usual tax accountant, Arthur Blech, who reckoned that there was no gain. Blech made some admittedly arbitrary valuations of the 5.9 acres of property and the grand house that Nixon retained. On the basis of those valuations, Blech concluded that Nixon originally had paid as much for the remaining land as he later sold...