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Politics : Politics for Pros- moderated

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To: unclewest who wrote (75233)	10/6/2004 2:39:37 PM
From: Neeka	Read Replies (1) of 793896

There will be allot of people looking into John Edward's subchapter S corp tax liability. Per our CPA.....in order to avoid IRS scrutiny we were advised to take no more than 50% of earnings in the form of dividends. This is perfectly legal under US tax codes. John Edwards went beyond the pale in 1995 (so far the only year that has been mentioned in on line articles) by claiming $360,000 of regular income on $26.9 million earnings. If that had been you or me we would have been audited. So I really does depend on who you know.

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