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Income Tax Returns

NATIONAL
October 4, 2008 | From the Associated Press
Sarah Palin earns more than husband Todd, who takes a lot of deductions for his fishing and snow-machine-racing careers, according to the Palins’ 2007 and 2006 federal tax returns, released Friday. The Alaska governor makes $125,000 a year. Plus, since she took the job in December 2006, she hasn't paid taxes on the more than $17,000 she received in controversial per diem payments for working out of the family's lakeside home in Wasilla -- some 575 miles from the capital of Juneau.
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CALIFORNIA | LOCAL
July 26, 2008 | Kenneth R. Weiss
It's not every day that people want to pay more taxes. But the tug on the heartstrings appears to be opening purse strings for California's sea otter -- at least for another year. California taxpayers have voluntarily donated $253,350 so far this year by checking a box on their income tax returns and making donations. The amount is significant because it ensures that the donation box will appear again on next year's state income tax returns, funneling more money to the California Sea Otter Fund.
NATIONAL
April 19, 2008 | Ralph Vartabedian and Maeve Reston, Times Staff Writers
Sen. John McCain reported income of $405,409 last year, but the money he spent on charitable contributions, wages to household staff, alimony and taxes ate up most of that -- showing how his wife, Cindy, helped support a wealthy lifestyle. McCain on Friday released his 2007 and 2006 tax returns, but not those of his wife, whose income from ownership of a beer distributor far exceeds $1 million, according to financial disclosure statements filed previously in the Senate.
NATIONAL
April 17, 2008 | From the Chicago Tribune
Campaigning for president has been very good for Sen. Barack Obama's pocketbook, with his household income jumping from $991,296 in 2006 to $4.2 million in 2007, tax records show. The Illinois Democrat had a net profit from book sales of $3.9 million, according to a copy of a 2007 tax return released Wednesday by Obama and his wife, Michelle. That total includes $169,706 in foreign income from overseas sales of his two best-selling books.
BUSINESS
April 15, 2008 | Martin Zimmerman, Times Staff Writer
There's nothing like a little stimulus to get taxpayers to file on time. As of early April, about 9% more federal tax returns had been filed than at this time a year ago, the Internal Revenue Service said. The reason could be the economic stimulus law passed by Congress -- because to get a rebate check you have to file a federal tax return.
NATIONAL
April 12, 2008 | From the Associated Press
The federal tax bill for President Bush and his wife in 2007 was $221,635. That's how much the Bushes owed on their adjusted gross income of $923,807 that year, according to a joint return released Friday. The Bushes have paid $203,894 so far, which means they owe the government $17,741. Their income total includes a $150,000 advance received by Laura Bush for the children's book she co-wrote with her daughter Jenna. Last year, the Bushes paid $186,378 in federal taxes on income of $765,801.
BUSINESS
July 25, 2007 | From the Associated Press
Low- and middle-income people are paying millions of dollars in fees to file their tax returns because of an Internal Revenue Service decision to end a free telephone filing service, an inspector general said Tuesday. "Once again the IRS has made a taxpayer service decision based on questionable data," said J. Russell George, Treasury inspector general for tax administration.
BUSINESS
June 6, 2007 | From the Associated Press
The federal government has widened its probe into whether the nation's No. 2 tax-return preparer helped customers file fraudulent returns to get bigger refunds. One large franchisee of Jackson Hewitt Tax Services Inc. was accused of fraud two months ago, and the company hired a former Internal Revenue Service commissioner to review the allegations.
BUSINESS
April 19, 2007 | From the Associated Press
Taxpayers who couldn't electronically file last-minute returns using Intuit Inc.'s TurboTax, ProSeries and other software won't be penalized for delays caused by the company's overtaxed servers, the IRS said. A record number of returns from individual taxpayers and accountants choked the Mountain View, Calif.-based company's computers Tuesday, leading to delays in customers receiving confirmation that their returns had been submitted successfully, Intuit spokeswoman Julie Miller said.
BUSINESS
April 14, 2007 | Kathy M. Kristof, Times Staff Writer
The owner of a Riverside halfway house and a homeless man were indicted by a federal grand jury Friday on tax fraud charges, alleging that they attempted to claim more than $600,000 in bogus refunds. Peaches Mercer Turner, owner of the halfway house, was also charged with aggravated identity theft, wire fraud and obstructing an IRS investigation.
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