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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsmitt romney has released only ONE YEAR of his tax returns...ONE YEAR
i have no reason on earth to trust mitt romney.
i don't know mitt romney.
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mitt romney has released only ONE YEAR of his tax returns...ONE YEAR (Original Post)
spanone
Aug 2012
OP
flamingdem
(39,332 posts)1. I think we'll hear more about this
next week!
spanone
(135,900 posts)2. let's hope so.
tjdee
(18,048 posts)3. That's because he doesn't want you to know how much he has helped people!
Duh!
C_U_L8R
(45,025 posts)4. Not even one year !!
Apparently he left out some important sections of his 2010 taxes.
Lucy Goosey
(2,940 posts)5. Yup, the one year he released is incomplete...
http://www.huffingtonpost.com/2012/07/18/mitt-romney-taxes-2010_n_1683084.html
Romney released his 2010 tax return in January of this year, a document that first informed voters about the existence of his Swiss bank account and financial activities in Bermuda and the Cayman Islands. But people who own foreign bank accounts are required to file a separate document with the IRS that provides additional details on such overseas bank holdings, and Romney has not released that form to the public.
The Romney campaign did not respond to HuffPost's request to view the document.
Tax experts say it is almost certain that Romney did file the form, known as a Report on Foreign Bank and Financial Accounts, or "FBAR" in accountant slang. The penalty for not filing an FBAR can be severe, and the IRS would have expected to receive the form since Romney listed the Swiss bank account on his tax return. Listing the account on his tax return and then failing to file the subsequent FBAR would have been asking for a hefty fine, and would probably have heightened IRS scrutiny of prior tax filings.
The Romney campaign did not respond to HuffPost's request to view the document.
Tax experts say it is almost certain that Romney did file the form, known as a Report on Foreign Bank and Financial Accounts, or "FBAR" in accountant slang. The penalty for not filing an FBAR can be severe, and the IRS would have expected to receive the form since Romney listed the Swiss bank account on his tax return. Listing the account on his tax return and then failing to file the subsequent FBAR would have been asking for a hefty fine, and would probably have heightened IRS scrutiny of prior tax filings.
annabanana
(52,791 posts)6. +1. . . .n/t
spanone
(135,900 posts)7. but, let's trust mitt.....bullshit