Yurt
04-30-2008, 09:23 AM
Al Franken to pay 17 states $70,000 in back taxes
ST. PAUL, Minnesota (AP) -- Senate candidate Al Franken, dogged by accusations that he failed to file tax returns in California, said Tuesday he will pay about $70,000 in back income taxes in 17 states dating to 2003.
Most of the income at issue was from speeches and other paid appearances by the comedian-turned candidate, who said he got bad advice from his accountant but takes responsibility for the errors.
The Minnesota Democrat told The Associated Press that he and his wife, Franni, "paid taxes on every cent of income we ever had." He said that during the years in question, he followed the accountant's advice and paid his entire income tax bill to the city and state where he lived at the time. He lived in New York City from 2003 to 2005 and Minnesota in 2006.
"What happened is our accountant made a mistake, and all of these are repercussions of that same mistake," said Franken. "His mistake was not understanding the law, the obligation to pay these state taxes."
Franken said his finances became more complicated when he branched out from "Saturday Night Live" and started writing books and making speeches around the country.
His communications director, Andy Barr, said none of the 17 states attempted to contact Franken or his accountant seeking the unpaid personal income taxes.
Franken said once the payments to the states are settled, he would seek retroactive credit from his states of residence since much of the income taxes he paid to them was supposed to go instead to the 17 other states.
http://www.cnn.com/2008/POLITICS/04/30/franken.taxes.ap/index.html
if he is telling the truth, then he has a claim against his accountant as well...but with al the joke franken, truth is not his schtick
ST. PAUL, Minnesota (AP) -- Senate candidate Al Franken, dogged by accusations that he failed to file tax returns in California, said Tuesday he will pay about $70,000 in back income taxes in 17 states dating to 2003.
Most of the income at issue was from speeches and other paid appearances by the comedian-turned candidate, who said he got bad advice from his accountant but takes responsibility for the errors.
The Minnesota Democrat told The Associated Press that he and his wife, Franni, "paid taxes on every cent of income we ever had." He said that during the years in question, he followed the accountant's advice and paid his entire income tax bill to the city and state where he lived at the time. He lived in New York City from 2003 to 2005 and Minnesota in 2006.
"What happened is our accountant made a mistake, and all of these are repercussions of that same mistake," said Franken. "His mistake was not understanding the law, the obligation to pay these state taxes."
Franken said his finances became more complicated when he branched out from "Saturday Night Live" and started writing books and making speeches around the country.
His communications director, Andy Barr, said none of the 17 states attempted to contact Franken or his accountant seeking the unpaid personal income taxes.
Franken said once the payments to the states are settled, he would seek retroactive credit from his states of residence since much of the income taxes he paid to them was supposed to go instead to the 17 other states.
http://www.cnn.com/2008/POLITICS/04/30/franken.taxes.ap/index.html
if he is telling the truth, then he has a claim against his accountant as well...but with al the joke franken, truth is not his schtick