Big IRS tab for Maldonado?
April 5, 2012
The IRS has handed Abel Maldonado a tax bill for nearly a half million dollars. [McClatchy Newspapers]
Maldonado, who is challenging two other Republicans in the primary to face Rep. Lois Capps (D-Santa Barbara), owes $470,000 according to the federal government, a claim disputed by the former state lawmaker and lieutenant governor. Part of the argument is over a building deduction.
Maldonado has said he plans to work with the tax-collecting agency, and also will pick up part of the tab for his upcoming campaign.
The IRS said the difference is due to “errors” in calculating complex deductions, but Maldonado believes he paid the correct amount of taxes. But he said if the assessment proves to be correct, he will pay up.
“I believe we paid the correct amount of taxes and followed the rules as we understood them,” said Maldonado. “If the IRS feels differently, I will pay the taxes due with interest.”
Maldonado spokesman Brandon Gesicki said the story originated on the Democratic Congressional Campaign Committee’s website, suggesting a political intent.
Updated at 10:16 a.m. to include Maldonado’s and Gesicki’s comments.