Yes, Your Honoraria: Former Dallas Mayor Ron Kirk Has a Small Tax Matter to Tend To
|Flickr photo: Obama__Dallas (Adam Jefferson)|
The tax returns in question are for 2005-'07, and at issue are his speaking honoraria, which Kirk has sent to his alma mater, Austin College. Says the senators' letter, Kirk's payment to the school "help[s] fulfill a pledge he had made to the college for a scholarship fund. Since he asked for the honoraria to be assigned to Austin College, he did not think the honoraria were taxable income to him. His paid preparer also thought this was proper." But, notes the memo, "Mayor Kirk has agreed to promptly file amended returns reflecting the adjustments discussed in this memo."