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PoiBoy

(1,542 posts)
Fri Aug 17, 2012, 06:17 PM Aug 2012

2009

Did Romney Possibly Commit Fraud on His Income Taxes, But Received Amnesty?


http://truthout.org/buzzflash/commentary/item/11684-did-romney-possibly-commit-fraud-on-his-2009-taxes-but-received-amnesty#13452369313271&action=collapse_widget&id=1330851


<snip>
But, as O'Donnell pointed out, the year 2009 even looms larger on the horizon. (Remember that Romney has only released a 2010 income tax return with the vague offering to release his 2011 income taxes at some undesignated point in the future.) Given that most of Americans paid their taxes by August 15th, the indefinite delay in sharing his 2011 income taxes raises the question of why he just won't release his 2009 IRS filing, which is completed.

Here may be the answer: Romney may have taken advantage of a 2009 IRS amnesty period to disclose income hidden in offshore accounts but subject to US taxation. The amnesty offer allowed such persons to escape potential criminal prosecution for tax evasion.
<end>

I've always found it interesting that they insist on only releasing two years of returns... avoiding 2009 like a hot potato...

<snip>
No one can do other than hypothesize that Mitt Romney might have taken advantage of the 2009 amnesty to report previously undisclosed foreign bank accounts and interest earning. But if he did, he would have on the one hand committed a felony, but then had it expunged by participating in the 2009 program.

And that is possibly why we are still awaiting the 2011 Romney income tax returns, even though his 2009 returns are complete and ready for public review. It would be hard, as O'Donnell notes, to win the presidency when you have committed a potential felony, even if you escaped possible prosecution because of a special IRS pardon for past behavior.
<end>


Show us your 2009 return Mr. Romney....!







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