Palin tax returns are incorrect

[StopTheNeoCons]

per diems not declared, salary does not match with Alaska records

http://www.huffingtonpost.com/2008/10/03/palins-tax-return-mystery_n_131791.html

[BrklynLiberal]

1. oops. She will get the right info and get it right to ya'

[WannaJumpMyScooter]

2. Yah, you betcha

nudge, nudge, wink, wink... knowwhatImean?

[Bozita]

3. Gotcha!

[ObamanationYes1]

9. Anybody know why my message is in this huge text box

Must have been something I did on my end.

Sending this message just to see if it happens again

[ObamanationYes1]

4. Obamanationyes1

Per Diems are not taxed as income

[quakerboy]

7. where do you get this information?

[ObamanationYes1]

10. From the Board that licenses me as a CPA

per diem is an expense reimbursement - therefore, not taxable

[yardwork]

12. Not for her husbands and kids, it isn't. She took them traveling with her

and she got paid for their expenses. That is absolutely taxable income.

[leftofcool]

13. Perhaps Palin should hire you to do their taxes instead

of what ever CPA they surely used last year. IRS must be slipping to have missed mistakes on a Governor's taxes

[ObamanationYes1]

15. Happens in my state all the time. Same excuse as AK Division of Finance gave

I will try to find the story I read when this issue first came up. I thought at the time it was going to be a big deal and it was not.
Maybe it will have legs this time. We can hope.

Also - thanks to the next poster for the Welcome, but I am not really new. About 6 weeks ago I got a new user name - long story about being abused by an idiot, so the easiest thing was to start with a new user name.

[sniffa]

14. Welcome to DU

[Doityourself]

5. I saw two different amounts for charity, one was 800 on Msnbc, on CBS they said 3000

[quakerboy]

6. and what will the IRS be doing about this?

[leftofcool]

11. If it was important/problematic, the would have already done so

[quakerboy]

17. Even the IRS misses things occasionaly

But even in our current state of partisan government corruption, I tend to trust that the IRS, when aware of abuse, will take action.

I have to say, its a bit wierd to feel like the IRS is the best part of the govt.

[yardwork]

8. Surprise! She lied again.

[swishyfeet]

16. 9% taxes in 2006?

Must be nice.

In 2006, my wife and I made about $6,000 more dollars than the Palins and paid about $15,000 more in state and federal taxes.

Cheap ass Republicans probably didn't even pay for ONE goddamn JDAM to blow up brown people in the middle east so we 'mericans can stay safe.

[ObamanationYes1]

18. Palins have lots of kids N/T

[1corona4u]

19. I thought it odd that their income went up 45K in one year.

Anyone else get that kind of a raise, in one year?? I didn't. It was supposedly on the W2, so it was not additional income, but I'm not sure if it was because she went from mayor to Gov. What year did she become Gov??

[FarCenter]

20. When are per diem payments taxable?

http://www.irs.gov/pub/irs-regs/perdiemfaq&a.prn.pdf

Payments will be taxable to the employee when any of these situations are true:

· No expense report is filed with the employer,

· The expense report filed does not include the date, time, place, amount and business purpose of the expense,

· A flat amount is given to the employee and no expense report is required, or

· Per diem is paid in excess of the allowable standard federal rate.

These per diem payments listed above would be treated as wages and employment taxes are due from the
employer.