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To: Hildy

Geithner needs to step down now, as well.


28 posted on 02/03/2009 9:52:30 AM PST by IrishPennant (Patriotism is strongest when accompanied by bad politics, loyal FRiends and great whiskey)
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To: IrishPennant

yes, all the tax cheating crooks, and then some


75 posted on 02/03/2009 10:04:14 AM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42 - 12/17/45, d. 11/1/85)
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To: IrishPennant
(yes he does, Geithner and tax evader Daschle should both be arrested)

Geithner’s Taxes [Ramesh Ponnuru]

There is, however, no statute of limitations in certain situations:

The Code states that the IRS can assess tax or bring a suit to collect (unassessed) tax at any time in certain situations [IRC Sec. 6501(c)]. Of the several situations listed, the following are the most prominent:

1. The taxpayer does not file a return [IRC Sec. 6501(c)(3)].

2. A false or fraudulent return is filed with the intent to evade tax [IRC Sec. 6501(c)(1)]. The IRS has the burden of proving this for each year it assesses tax under the unlimited limitations period of IRC Sec. 6501(c)(1) [Harold L. King, TC Memo 1979-359 (1979)].

I think a very good case could be made that Geithner filed a fraudulent return since he signed acknowledgments of his obligation to pay the SE tax and accepting reimbursement for it.

88 posted on 02/03/2009 10:07:16 AM PST by roses of sharon (Pray Hussein fails!)
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