And he lists his average income as $154,000 - a fraction of the $428,000 his wife claims he made last year and which, he says, included a onetime $250,000 payment for his book.
First, if he is making $154,000 / year while a seminary student ... wow. He owes more than $1,200 per month in child support I would guess.
Second, the IRS has determined that living rent free or at a below market rental for any length of time is considered "imputed income" to the tenant, and that it is a taxable item. While they do not attached this income often, in any case of fraud they will add it just to pile on the pressure to IRS victims.
I don't like it, but if fairly enforced I would expect that McGayvee will need to pony up some additional funds to the IRS at tax time.
Are you joking? I heard about the Democrats wanted to do something like this for the long-term homeowners who pay little or no mortgage but never did it because we kicked them out of power in the 90's.