Word: dential
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Dates: during 1970-1979
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Before moving to the Treasury Department, Morgan served as deputy counsel to President Nixon. There he helped prepare a backdated deed and other papers in an attempt to support a tax deduction of $576,000 for the gift to the Government of Nixon's prepresi-dential papers. The deduction was later disallowed by IRS and declared invalid by Congress's Joint Committee on Internal Revenue Taxation. The IRS levied a 5% negligence penalty against Nixon but passed an investigation of fraud on to the special prosecutor...