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WI_DEM

(33,497 posts)
Wed Jul 18, 2012, 02:15 PM Jul 2012

Hmm, looks like Romney didn't release a key document with his 2010 Taxes...

As pressure builds on Mitt Romney to release his tax returns, the Huffington Post reports that the GOP nominee has not even disclosed all of his tax documents for 2010 -- the only year for which he has presented any final tax forms.

"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."

http://politicalwire.com/archives/2012/07/18/missing_from_romneys_2010_tax_return.html

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Hmm, looks like Romney didn't release a key document with his 2010 Taxes... (Original Post) WI_DEM Jul 2012 OP
Well.... kentuck Jul 2012 #1
So there is a smoking gun even in the 2010 returns SoutherDem Jul 2012 #2
Well well well obamanut2012 Jul 2012 #3
Hmmmm. Nt DevonRex Jul 2012 #4
Is this the Treasury Department Form TDF 90-22.1? Rosa Luxemburg Jul 2012 #5
If so it explicitly states .... GeorgeGist Jul 2012 #7
Dishonesty is a way of life when you're a Republican. Ganja Ninja Jul 2012 #6
It's a Treasury Dept form - not part of the tax returns hugo_from_TN Jul 2012 #8
This form is new to me SoutherDem Jul 2012 #9
If he didn't file it he would be in trouble Rosa Luxemburg Jul 2012 #10
Splitting hairs, I am sure you are technically correct Motown_Johnny Jul 2012 #11
Is there a statutory privilege to keep it confidential? aint_no_life_nowhere Jul 2012 #12
If he had more than $50,000 in assets Ruby the Liberal Jul 2012 #13
Your knowledge is very helpful aint_no_life_nowhere Jul 2012 #14
No clue. Ruby the Liberal Jul 2012 #15

SoutherDem

(2,307 posts)
2. So there is a smoking gun even in the 2010 returns
Wed Jul 18, 2012, 02:24 PM
Jul 2012

this also means he hasn't released ALL of his 2010 returns.
Now how long before makes it to the mainstream, if it does at all. Hopefully one of the MSNBC evening crew will run with it.

Ganja Ninja

(15,953 posts)
6. Dishonesty is a way of life when you're a Republican.
Wed Jul 18, 2012, 02:34 PM
Jul 2012

They can't help it and they can't stop it. It's a compulsion.

SoutherDem

(2,307 posts)
9. This form is new to me
Wed Jul 18, 2012, 05:47 PM
Jul 2012

I understand it is not filed with your taxes but sent to the treasury department. So;
When you "release" your taxes that would not be considered part of your taxes?
Are treasury documents as protected as tax documents, in other words is it legally obtainable, or can it be investigates without the law being broken?
Is there information on it which you would only learn from it, as if in you take one figure from it and enter it on another form but have no way of knowing where that figure/info came from or is it just giving that info to another agency?

Rosa Luxemburg

(28,627 posts)
10. If he didn't file it he would be in trouble
Wed Jul 18, 2012, 08:17 PM
Jul 2012

however he may not have listed all his accounts on the form which would be interesting to the IRS

 

Motown_Johnny

(22,308 posts)
11. Splitting hairs, I am sure you are technically correct
Wed Jul 18, 2012, 08:20 PM
Jul 2012

but most people won't understand the distinction between a form that must be filed with the IRS and a tax form.

aint_no_life_nowhere

(21,925 posts)
14. Your knowledge is very helpful
Wed Jul 18, 2012, 08:45 PM
Jul 2012

$10,000 in foreign investment at any time in the "calendar" year is reported on the Treasury form

but

$75,000 at at any time in the year or $50,000 on the last day of the tax year goes to the IRS

Chances are strong that it's the IRS where Romney filed this. But does the IRS consider this as a formal part of the tax return? For example, if a taxpayer needs to get an IRS date-stamped copy of the entire return, such as U.S. immigration might require in adjudicating an application for permanent residence, would this form be automatically included or would it require a separate application?

Ruby the Liberal

(26,219 posts)
15. No clue.
Wed Jul 18, 2012, 08:57 PM
Jul 2012

I am not a tax professional - it is just ancillary to what I do. I have referred more obscure questions to the Advocate Office - it might be worth a call just to know. http://www.irs.gov/advocate/content/0,,id=150972,00.html

But, one would hope that the filer (or their representative) would have kept a copy.

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