Lawyer: Rangel didn't report rental income

Sept. 5, 2008 at 11:40 AM
| License Photo

WASHINGTON, Sept. 5 (UPI) -- A lawyer for U.S. Rep. Charles B. Rangel, D-N.Y., alleges the congressman hasn't paid taxes on money earned from a rental property he owns.

Attorney Lanny Davis said that the House Ways and Means Committee chairman has been renting a beachfront villa he owns in the Dominican Republic since 1988, earning more than $75,000 that he hasn't reported in his tax returns, The New York Times said Friday.

Yet Davis said the congressman intends to rectify the tax situation by filing amendments to his earlier returns and paying off any necessary back taxes stemming from the rental income, the Times said.

A statement from Rangel didn't confirm the lawyer's claim but did identify there was a problem concerning the rental property at the Punta Cana Yacht Club.

"I have asked my accountant to review all the data recently made available to me by the Punta Cana Hotel in the Dominican Republic concerning my investment 20 or so years ago in purchasing a unit in that hotel for occasional use over the years," Rangel said.

Davis told the Times the missing taxes were a result of a simple financial oversight on the part of Rangel and not an intentional act.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts