General Discussion

Kalidurga

(14,177 posts)

10. Maybe not

Thu Jul 12, 2012, 04:15 PM

Jul 2012

The statute of limitations does not apply in the case of a false tax return or fraudulent tax return filed with the IRS with intent to evade any tax. See section 6501(c)(1) of the Tax Code and section 301.6501(c)-1 of the Tax Regulations.

http://www.etaxes.com/statute_of_limitations.htm

But, I am not sure lying to the SEC means he also lied on his tax returns. I think we need to examine both as separate issues.

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BAINGATE Explained: People, this is no joke and SEC should press the tax issue [View all] uponit7771 Jul 2012 OP

Grab the popcorn... snacker Jul 2012 #1

Silly OP, only little people go to jail... n/t Earth_First Jul 2012 #2

Yeah, Martha was only worth 150million sooooo yeah.....she had to go...silly me :) I hope this has.. uponit7771 Jul 2012 #3

I think Martha's a Democrat FiveGoodMen Jul 2012 #11

IOKIYAR rufus dog Jul 2012 #4

Had that same thought. bluestateboomer Jul 2012 #21

Shameless kick, do I have anything wrong outline? uponit7771 Jul 2012 #5

This really needs to go viral Marrah_G Jul 2012 #6

Well, first to the GOP...they'd understand something this simple...The Obama admin... uponit7771 Jul 2012 #7

Statute of Limitations is 7 years. n/t ieoeja Jul 2012 #8

Crap, for the IRS...I think you're right but what about the SEC? uponit7771 Jul 2012 #9

Maybe not Kalidurga Jul 2012 #10

+1! uponit7771 Jul 2012 #14

+2 AnotherMcIntosh Jul 2012 #38

But isn't that 7 years from when the crime was reported? KansDem Jul 2012 #12

I just don't ever want him to be elected, he would be the black death siligut Jul 2012 #13

Questions about Baingate OmahaBlueDog Jul 2012 #15

At the least an investigation should be started based of .... uponit7771 Jul 2012 #16

Me thinks.......... Swede Atlanta Jul 2012 #17

Man are Repubs in trouble. caseymoz Jul 2012 #18

I wonder what would happen if Romney was found guilty and jailed before November elections sakabatou Jul 2012 #19

It does sound like something illegal in all this. DCBob Jul 2012 #20

For those of you out there who would like to visualize..... DeSwiss Jul 2012 #22

+1!...have you read about the Governor disclosures yet? rMoney says under oath that he uponit7771 Jul 2012 #23

No I hadn't..... DeSwiss Jul 2012 #28

But he was a shareholder. Igel Jul 2012 #30

now we see the motive for romney NOT wanting to release his tax forms spanone Jul 2012 #24

Yeap, at some point the SEC can ask and then make rMoney force a subpena...then things REALLY uponit7771 Jul 2012 #25

he has to respond. i don't think this will just go away. spanone Jul 2012 #26

I can't see the SEC or any other federal agency taking any formal action mysuzuki2 Jul 2012 #27

Exactly. Whether Romney is guilty or not, it'll never be prosecuted. n/t FSogol Jul 2012 #31

I hope this ends in indictments... I like my re-bacon nice and crispy. D23MIURG23 Jul 2012 #29

Yes. Igel Jul 2012 #32

3. is easy, tax deduction from operating as an employee of bain just like I get as an uponit7771 Jul 2012 #33

People get reimbursed for things? Igel Jul 2012 #34

Yes, if they're OPERATIONAL they do...and yes, if you're taking deductions for operting the company uponit7771 Jul 2012 #37

I would like to know if he marked passive or material activity. nt Ruby the Liberal Jul 2012 #35

He's a lying criminal, that's exactly why (R)s like him just1voice Jul 2012 #36

well put icarusxat Jul 2012 #40

This is the CLEAREST explanation I have seen or heard anywhere. annabanana Jul 2012 #39

Actually fact 2 is the FEC filings 2 months ago not SEC, post editied uponit7771 Jul 2012 #41