It’s possible some of Mr. Geithner’s problems stemmed from bad advice. In 2004, an accountant advised Mr. Geithner in writing that he did not owe employment taxes. An accountant who reviewed Mr. Geithner’s 2001 tax return also didn’t inform Mr. Geithner he owed taxes, according to an Obama aide familiar with the situation.
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Tax professionals noted that even trained preparers sometimes miss the subtleties involved in taxation of employees of international organizations.The IRS in late 2006 launched a settlement initiative aimed at noncompliant employees of foreign embassies, as well as international organizations such as the IMF. At the time, the IRS said as many as half of affected employees were out of compliance with tax rules in one way or another.Much more at:
http://online.wsj.com/article/SB123194884833281695.html
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