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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHmm, 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
kentuck
(111,074 posts)I didn't know that!
SoutherDem
(2,307 posts)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.
obamanut2012
(26,064 posts)Very interesting, huh?
Thanks for posting!
DevonRex
(22,541 posts)Rosa Luxemburg
(28,627 posts)GeorgeGist
(25,318 posts)Do NOT file with your Federal Tax Return.
Ganja Ninja
(15,953 posts)They can't help it and they can't stop it. It's a compulsion.
hugo_from_TN
(1,069 posts)I file it every year.
SoutherDem
(2,307 posts)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)however he may not have listed all his accounts on the form which would be interesting to the IRS
Motown_Johnny
(22,308 posts)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)Or is it accessible by the public?
Ruby the Liberal
(26,219 posts)He did have to file 8938, which is part of the IRS filing and the companion form to FBAR.
http://www.irs.gov/businesses/small/article/0,,id=148849,00.html
http://www.irs.gov/businesses/article/0,,id=255986,00.html
aint_no_life_nowhere
(21,925 posts)$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)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.