Health & Fitness
Tax Cheat Monteleone gets caught - Blames IRS
From the 10/13/13 edition of the Republican American: SOUTHBURY — The Republican candidate for first selectman had liens totaling more than $100,000 placed on his property after the IRS disallowed federal tax credits he claimed when he invested with a financial firm.
John Monteleone had four federal tax liens placed on his house at 115 Lantern Park Lane South beginning in 1997 that totaled $114,313.93. Records show he paid them off in 2001.
The liens were for tax credits Monteleone claimed in 1980 ($25,275.69), 1981 ($12,863), 1983 ($45,528.56) and 1984 ($30,646.68), records show.
A review by the Sunday Republican of records in the town clerk’s office showed Monteleone was the only candidate for first selectman or Board of Selectmen to have had liens placed on his property.
...Monteleone could not remember specifics of his investment with Barrister, other than it involved partnerships in the field of oil and gas exploration.
He said he shredded his tax returns because they were older than seven years.
...and Mrs. Monteleone chimed in “You have to be really careful and watch your investments,” Susan Monteleone said. “Sometimes it’s good to not be rich.”
So the guy who wants to run Southbury's government says of his tax liens...“It’s basically an abuse of power on the government’s part,”.
The full article can be seen here: "Candidates tale of tax woes" http://www.rep-am.com/news/local/756705.txt
