On September 11, 2008, Chuck O’Toole of Tax Analysts reported: “House Ways and Means Committee Chair Charles B. Rangel, D-N.Y., was alternately humble and defiant September 10 as he tried to explain his failure to report as much as $75,000 in income to the IRS over 20 years, but he promised to pay any back taxes that he owes.”
The back taxes come from undeclared rental income earned from a villa Mr. Rangel owns at a Dominican Republic resort. The villa ... Log in to view full article.