Reed Owns Up To Late Tax Payments
U.S. Rep. Tom Reed is all paid up on his taxes.
The Republican from Corning recently defended himself to media after reports surfaced saying he has been late paying his property taxes 38 times since 2005. Included in the number are at least 18 times since joining Congress in 2010.
According to the Associated Press, tax records from Steuben and Chemung counties, where Reed owns or has owned several properties in addition to his family home, show he has paid $3,486.51 in interest and penalties, because he has repeatedly been late on his property taxes by a month or two.
Additionally, records show taxes were paid late on three other properties owned in partnerships in which Reed is no longer involved.
Reed said in addition to the taxes being paid in full, out of more than 500 payments since 2005, some of the payments were indeed late.
“Since entering Congress in November 2010, I have been prohibited from being involved in the day-to-day operations of businesses,” Reed said. “A number of these payments were made by employees or business partners of the business entities rather than directly by me. All payments, whether made directly by me or not, were paid in full. We take full responsibility and we’re always working to improve.”