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Sharpton's lawyers say feds have dropped tax probe
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| Contributor | The Sunset Provision |
| Last Edited | The Sunset Provision Jul 23, 2008 01:12pm |
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| Category | News |
| Media | Website - Yahoo News |
| News Date | Wednesday, July 23, 2008 07:00:00 PM UTC0:0 |
| Description | Federal prosecutors have decided not to seek criminal charges against the Rev. Al Sharpton over his chronic tax problems, his lawyers said Tuesday.
The investigation was disbanded only after the government received a down payment Monday topping $1 million on a tax debt that had threatened to land Sharpton before a grand jury, the minister's lawyers said.
Sharpton said Tuesday he was glad to be in the clear. "I'm just grateful to God and my family, and all of our supporters," he said.
More payments will follow as Sharpton clears up a decade's worth of delinquent tax bills related to his personal business interests and his Harlem civil rights group.
Prosecutors and Internal Revenue Service agents spent months investigating Sharpton's finances but ultimately concluded that his tax problems were better handled as a civil matter, his lawyers said.
The IRS and New York state and city tax agencies claim that Sharpton and his organization, the National Action Network, collectively owe millions of dollars in back taxes and penalties.
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