We were just talking about Pritzker the other day vis-a-vis VJ.
Article makes it sound like her accountant found the error, not the IRS. Then how did this get into the news? Do all gazillionaires rat out their accounting teams’ mistakes?
This is just about a disclosure form for her nomination to Secretary of Commerce.
It’s not about tax; taxes were all paid.
The person(s) who filled out the form / gathered the data for her probably just forgot to include amounts recorded under different business units or accounts when summing up all the consulting-related income that she recieved.
Some of it was in-kind, i.e., she may have received equity positions in partnerships as the fee. Which makes sense that it was missed at first because those accounts are capital accounts, not expenses.
Just guessing, no big deal - as long as it got reported immediately to the press. If they did not correct the form, and somehow the mistake came out later, then there would be a big hullaballo over nothing.
There are many, many thinks in Pritzkerland to be concerned with, I just doubt this is one of them.