IRS Head Says College Admission Scandal Parents May Face Hefty Tax Bills
- Parents accused of laundering donations through nonprofit
- IRS criminal charges could mean jail time for defendants
Charles Rettig
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Some of the parents charged with paying bribes to get their offspring into college could end up owing a lot more to the Internal Revenue Service.
IRS Commissioner Chuck Rettig told the Senate Finance Committee his agency anticipates that “numerous other individuals” will be charged with criminal tax violations as a result of the investigation into alleged bribes paid to test examiners and college sports coaches to guarantee spots for students at elite U.S. universities.