On July 24, 2012, I submitted Forms 211 and 3949A to the IRS asking them to review the Romney tax problem.  Two big questions are:

  • Has the six-year statute of limitations run out?  That would mean that 2005 and earlier cannot be reviewed by IRS unless the earlier improper claim as an active investor affects 2006 or later;
  • Was there intent to evade tax or was it just an innocent mistake?  Romney’s Public Financial Disclosure Report in 2011 indicates he always knew he was a passive investor at Bain after February 11, 1999.  A claim of active investor status on tax returns for 1999, 2000, or 2001 could be judged by IRS to have been fraudulent.  If so, those tax returns would not be protected by the statute of limitations.

Innocent mistakes are hard to make when you have so many lawyers.  Anyone with information on the Romney’s active/passive investor claims might also comment and submit their own Forms 211 and 3949A.  There might be a reward.

My submission is under About.  Revise or copy it as you wish and send your own form to IRS even if you have nothing to add.  IRS needs to see more interest from the public to encourage their review of Romney taxes.


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