Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
There's Corruption in Chicago? I'm Shocked!
Yeah, right. I'm a native of the Windy City and am anything but shocked. A former Alderman (city councilperson) is now facing 13 federal charges, including tax evasion.

Arenda Troutman is accused of using a political committee to hide money that was raised for projects she supported in her political district. Ms. Troutman is accused of starting the "20th Ward Women's Auxiliary" and using it to hide money and disguise payments. Additionally, the Auxiliary didn't file for non-profit status and never filed Illinois or federal tax returns.

Troutman had earlier been accused of bribery (she pleaded not guilty last month to that charge); she now has an additional 12 charges of bribery, extortion, mail fraud, and tax evasion to face. Two former staff member's of Troutman's office also face charges.

News Story: FoxChicago
Posted by Russ on Sunday July 15, 2007 at 6:51pm
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