Abstract

http://ssrn.com/abstract=1279105
 


 



A Brief Analysis of Governor Palin's Tax Returns for 2006 and 2007


Bryan Camp


Texas Tech University School of Law

October 5, 2008


Abstract:     
Governor Palin's 2006 and 2007 tax returns create several teaching opportunities for basic tax classes. This paper analyzes five substantive issues created by the returns and by a legal opinion letter written by Roger Olsen on some of the issues.

The five issues are: (1) the proper treatment of $17,000 paid to Palin by the state of Alaska as her travel allowance; (2) the proper treatment of $43,000 paid to Palin as a travel allowance for her husband and children; (3) the proper treatment of a $9,000 loss claimed for her husband's racing activity; (4) whether the Palins are subject to the penalties for negligence; and (5) whether Mr. Olsen's letter meets the standards for tax practice in Circular 230.

Number of Pages in PDF File: 12

Keywords: Palin, hobby loss, circular 230, covered opinions, travel reimbursements, income tax, civil penalties, negligence, tax returns, tax return preparation

JEL Classification: K20, K40

working papers series





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Date posted: October 6, 2008  

Suggested Citation

Camp, Bryan, A Brief Analysis of Governor Palin's Tax Returns for 2006 and 2007 (October 5, 2008). Available at SSRN: http://ssrn.com/abstract=1279105 or http://dx.doi.org/10.2139/ssrn.1279105

Contact Information

Bryan T. Camp (Contact Author)
Texas Tech University School of Law ( email )
1802 Hartford
Lubbock, TX 79409
United States
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