Trump’s Fed Pick Stephen Moore Owes IRS $75K

Trump’s Fed Pick Stephen Moore Owes IRS $75K

Stephen Moore, President Donald Trump’s pick for a seat on the Federal Reserve board, owes the Internal Revenue Service $75,328, reports The Guardian.

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A January 2018 filing shows the U.S. government won a judgment against Moore for a federal tax lien valued at $75,328 for unpaid taxes, penalties, interests, and other costs in 2014.

Moore disputes the claim and said he was eager to “reach an agreement” with authorities.

“For several years I have been working through a dispute with the IRS, attempting to be returned what my attorneys and accountant believe were tax overpayments of tens of thousands of dollars,” he said.

“It is an honor to have the opportunity to serve my country with distinction by being nominated for the Federal Reserve board, and I am ready to move forward with confirmation.”

Trump last Friday announced plans to nominate Moore, 59, for a sixth seat on the board. He is still subject to confirmation.

Moore, a fellow at the conservative Heritage Foundation, referred questions about the matter to his wife, Anne Carey, who blamed the judgment on a mix-up where Moore accidentally claimed alimony and child-support payments to his ex-wife as deductions. Only alimony is tax deductible.

“It was not an attempt at defrauding the U.S. government,” Carey said, according to the Washington Examiner.

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Mar 28, 2019 - -

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