CREW FILES IRS COMPLAINT AGAINST REP. GARY MILLER

7 Aug 2006 // Citizens for Responsibility and Ethics in Washington (CREW) filed an Internal Revenue Services (IRS) complaint against Rep. Gary Miller (R-CA) for failure to report or pay capital gains taxes on several real estate transactions.

The complaint alleges that Rep. Miller violated federal law by fraudulently invoking an IRS provision, IRC § 1033, on the sale of his properties. This provision allows for a taxpayer, at his or her option, up to two years to reinvest any capital gains realized from a forced sale in replacement property that is similar or related to the converted property. According to press reports, Rep. Miller invoked the provision three times for properties he was in fact not forced to sell.