Trump’s Expected Fed Nominee Stephen Moore Owes $75,000 to IRS: Report
BAD WITH MONEY?
Stephen Moore, President Trump’s likely nominee for a seat on the Federal Reserve, owes more than $75,000 in taxes and other penalties, according to the U.S. government. Moore is a distinguished visiting fellow at the Heritage Foundation and an economic adviser to Trump. The government won a judgment against Moore for $75,328, according to a January 2018 filing obtained by Bloomberg. The debt was for unpaid taxes from the 2014 tax year that could accrue additional penalties and other costs. Moore referred questions about the tax debt to his wife, Anne Carey. According to Carey, the dispute originated with a deduction on Moore’s 2014 tax return in which he accidentally claimed his alimony and child-support payments to his former wife, when only alimony is deductible. But, according to Carey, Moore never received notifications from the IRS after the agency audited the return because he had moved. “It was not an attempt at defrauding the U.S. government,” Carey said.