SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
*** UPDATED x2 *** Not a big deal at all, but it’s probably time to delegate a bit more

Thursday, May 10, 2012

*** UPDATE 1 *** I had asked Quinn’s press office if the governor made “a small goof” on his tax return. This is the reply…

Yes, there was a small mistake made on the governor’s federal tax return. We’re promptly correcting it and filing an amended return.

*** UPDATE 2 *** The governor’s tax returns have been pulled offline. I saved a copy, however. You can view the returns by clicking here.

[ *** End Of Updates *** ]

* Gov. Pat Quinn released his income tax returns to the public this week. From a press release

In addition to his $157,321.60 in salary as Governor in 2011, Governor Quinn reported interest income of $4.81, a taxable refund of $1,222, $18.04 in income from the Foreign Currency Fee litigation settlement fund and a $42,500 withdrawal from his SEP (Simplified Employee Pension Plan).

Governor Quinn paid $38,094.86 in federal income tax and $7,750.73 in state income tax in 2011. Quinn also paid $3,938 in property taxes on his home on the west side of Chicago. The Governor donated $11,562.72 to charity.

* The full return is here. [Updated link.]

With a big hat tip to a reader, check this out. Click the pic for a better view…

OK, we’re going to do a little math here, but stick with me anyway.

The federal tax he reported paying was actually $1,607.48 less than the tax he reported owing. But he looks like he reversed the numbers. Instead of subtracting what he owed from what he paid, which would have given him a negative result, he subtracted what he paid from what he owed, and then asked for a $1,607.48 refund when he actually appears to owe that amount.

* This is really no big deal. Mistakes happen all the time. And he can probably clean this up by filing an amended return.

But it looks like he did his own taxes. Perhaps he needs to realize that he’s just too busy being governor to do this stuff by himself.

I asked the governor’s office for a response and haven’t yet heard back.

* By the way, the income tax hike he signed into law hit Quinn but good

In 2010, Quinn paid about $4,400 in state taxes, while in 2011 the figure was $7,750.73.

Discuss.

- Posted by Rich Miller        


37 Comments
  1. - Dirty Red - Thursday, May 10, 12 @ 10:07 am:

    Let’s give the man a little credit. He did NOT draw a smiley face inside the zeroes.


  2. - Irish - Thursday, May 10, 12 @ 10:11 am:

    The Gov agreed to donate to charity the amount he would have received if he took the same furlough days he forced state workers to take, since by law he can’t be paid less than his published salary. Did that charitable deduction reduce his taxes owed? And if it did he should also donate that gain if he wants to really ” be one of the guys”.


  3. - wordslinger - Thursday, May 10, 12 @ 10:13 am:

    If the math mistake works, perhaps he could apply his skills to the backlog of bills.


  4. - Champaign - Thursday, May 10, 12 @ 10:13 am:

    This mistake, and the fact that he did his own taxes, makes me like him more.


  5. - thechampaignlife - Thursday, May 10, 12 @ 10:18 am:

    What, no e-file? That would have saved him from making the mistake and saved the state some money in processing a paper return.


  6. - Ready To Get Out - Thursday, May 10, 12 @ 10:23 am:

    And this man is in charge?


  7. - Oswego Willy - Thursday, May 10, 12 @ 10:23 am:

    Well, (sniff sniff - stand up, pull up the pants a couple times … sniff, sniff)

    What Mr. Quinn needs to do is file a 1040-EJ Niner 604, which would then nullify the mistake, THEN submit a 1060-412 which would allow the IRS to look at the mistake and wait about 30 days for the response back that the IRS got the 1060-412 and is being processed.

    In the meantime, Mr. Quinn can send in a 402-Niner 620, which would expedite the process, but the receipt of that form, in triplicate remember, can take an additional 60 to 90 days from the Midwest Section of the IRS auditors.

    If all that goes through, and fingers crossed, Mr. quinn than, and quite easily, send the revised 1040 to his assigned Tax Associate, with the 1040-EJ Niner 604, in triplicate, and the 402-Niner 620, in triplicate if the IRS accepts his fast track fix … and if they don’t accept the 402-Niner 620, Mr. Quinn needs to send the 1040-EJ Niner 604, which shows Mr. Quinn will not try to fast track the amendment and will allow the natural process to continue … if Mr. Quinn has the 1040-EJ Niner 604 in triplicate.

    In layman’s terms, an easy government fix.

    (Sniffs twice, fix my pants and walk away)


  8. - Huggybunny - Thursday, May 10, 12 @ 10:30 am:

    I wanted to make a relevant comment, but I can’t stop laughing at how funny this is..this man “was put on earth” to fix our State financial mess, and he screwed up his own tax return…Lord help us!!


  9. - Wensicia - Thursday, May 10, 12 @ 10:31 am:

    I can see the press release:

    “Governor Quinn graciously submits his erroneous tax return to the public to show why it’s important for Illinois citizens to use e-file with their tax returns.”


  10. - Ahoy! - Thursday, May 10, 12 @ 10:31 am:

    they make software for these things now…


  11. - zatoichi - Thursday, May 10, 12 @ 10:40 am:

    Ah, Turbo Tax works pretty well.


  12. - Oswego Willy - Thursday, May 10, 12 @ 10:41 am:

    A TAXING JOB - QUINN FLUBS OWN RETURN


  13. - Kasich Walker, Jr. - Thursday, May 10, 12 @ 10:44 am:

    Time for the Governor to invite all critics to pile on, then, when he is able to crawl out from the pile, stand defiantly, raise his fist, and shout, “I’m gonna do my own taxes again next year, too! And without software!!!!!!!”


  14. - Fed up - Thursday, May 10, 12 @ 10:54 am:

    Quinn” I’m The Gov I was told there would be no math. “


  15. - anonymice - Thursday, May 10, 12 @ 10:54 am:

    ==Did that charitable deduction reduce his taxes owed? And if it did he should also donate that gain if he wants to really ” be one of the guys”.==

    “The guys” who took furlough days didn’t pay tax on the lost wages. Getting a deduction for contributing his wages just puts puts the governor on par with them. And he doesn’t get that deduction for state tax purposes, so he’s actually a little worse off than “the guys.”


  16. - Yellow Dog Democrat - Thursday, May 10, 12 @ 10:56 am:

    Rich -

    The full returns are no longer posted.

    Just out of curiosity, what were his charitable deductions?


  17. - Rich Miller - Thursday, May 10, 12 @ 11:01 am:

    ===The full returns are no longer posted.===

    Refresh and check the update.


  18. - Oswego Willy - Thursday, May 10, 12 @ 11:01 am:

    “This is the EXACT reason why tax returns are nobody’s business and stuff. Everyone should feel ashamed about making fun of Governor Quinn or whatever.

    If Pat Quinn doesn’t show you nuttin’ than he’s all cool and he can fix it with the guy who is on the Monopoly game box,” said Jason Plummer from his “Summer Tree House”…..


  19. - Oswego Willy - Thursday, May 10, 12 @ 11:05 am:

    “Dear Rich Miller,

    Whew! Thanks for saving those tax returns.

    Sincerely,

    The Governor’s Office”


  20. - Silent majority - Thursday, May 10, 12 @ 11:07 am:

    Agree that he should probably have someone else do his taxes next year, but the fact that he did his own tax returns is endearing.


  21. - RetiredStateEmployee - Thursday, May 10, 12 @ 11:17 am:

    More than whether or not he should do his own taxes, it does give you some insight into how the governor operates. I can’t believe someone didn’t catch this before it was made public. Doesn’t it make you wonder if anyone in the governor’s office checks anything? Is that why to no backup was provided as to the pension plan savings? Would we find errors in that calculation as well?


  22. - Soccertease - Thursday, May 10, 12 @ 11:44 am:

    Granted, this is a relatively minor error (that he will be charged penalty and interest on by the IRS) I find it alarming that our governor lacks the common sense to buy a cheap software package that would prevent errors and embarassment. It’s not so much the error as the judgment.


  23. - Only in Illinois - Thursday, May 10, 12 @ 12:19 pm:

    New meaning to fuzzy math. Makes you to want to double/triple check any numbers the Gov’s office puts out.


  24. - Foxfire - Thursday, May 10, 12 @ 12:37 pm:

    It was reported that someone in the Governor’s Office screamed “MILLER!” at about 9 am this morning. Shortly thereafter, the returns were pulled. At 11:02 am, another scream of “MILLER!” was heard from the Governor’s Office.


  25. - Irish - Thursday, May 10, 12 @ 12:55 pm:

    anonymice 10:54 am: - The Governor can’t lose his wages for the furlough days so he promised to donate his fair share to charity so he would equally share in the sacrifice.

    The employees got nothing for the furlough days. Therefore if the Governor used his charitable donation as a tax deduction and paid less taxes as a result he got something. If it is an equal sacrifice both sides should be equal.

    Employees-nothing does not equal Governor-something.

    It’s not a big amount but it is the principle.


  26. - Plutocrat03 - Thursday, May 10, 12 @ 1:10 pm:

    A mistake on a tax return, as complicated as these things get, is no big deal.

    What caught my eye is that the man who is supposed to lead Illinois through a disastrous budget/pension debacle reports nearly no income outside his salary. Most people report more interest income from their checking accounts as PQ reported on all of his non-retirement income?

    Spooky


  27. - Demoralized - Thursday, May 10, 12 @ 1:31 pm:

    Pluto:

    Apparently I need your checking account. I have no other income besides salary.


  28. - david starrett - Thursday, May 10, 12 @ 2:09 pm:

    He might want to be considering TurboTax, but at least give him credit for walking the populist walk and not having anything so complex that only a tax attorney could figure it out.


  29. - amalia - Thursday, May 10, 12 @ 2:24 pm:

    glad he made a mistake and found it, and whatever… and hope he does not use TurboTax, which has problems too.


  30. - anonymice - Thursday, May 10, 12 @ 2:29 pm:

    Irish @ 12:55 ==It’s not a big amount but it is the principle.==

    It’s a zero amount. Salary of $150, lose $10 to furlough, pay tax on $140. Salary of $150, give $10 to charity, claim the deduction, pay tax on $140. Even the governor could do that math.


  31. - jeff__ing in Chicago - Thursday, May 10, 12 @ 4:51 pm:

    Reading this and doing the math I understand why PQ may think I do not pay enough in taxes. His total Federal, state and property taxes are 50,000 ~35% of his gross income.

    I too live in Chicago. 2 working parents similar income and very similar Federal and state taxes. My property tax bill is $6000 more than his and we pay 4.25 FICA plus Medicare. Cook County property taxes are lower than Dupage and Lake County. I am hard sell in believing over 40% in taxes is undertaxed


  32. - sal-says - Thursday, May 10, 12 @ 6:37 pm:

    Ugh.

    ‘Not a big deal at all’ ?????

    Not a big deal.
    Quinn is CEO of a 12 million person business.
    Quinn is responsible for about 40,000 staff.
    Quinn is responsible for about a $25 BILLION budget.

    And HE, does his tax return himself - by hand! Isn’t THAT cool?

    Forget the software; forget the tax attorney. He could EASILY hire a CPA for about 0.1% of his gross income; hand the CPA a box of records and be done with this; post it; and have the CPA be accountable for any questions and/or errors.

    Like they say: ‘C’mon, man.’ NO QUALITY judgement at all.

    As a now retired State worker, I’ve used a CPA to do my tax return for decades. Yes, it costs and I’m responsible, but any IRS questions? Talk to my CPA. That peace of mind is worth the price. Sorry; but this is just dumb.


  33. - Just Me - Thursday, May 10, 12 @ 9:47 pm:

    No wonder our state finances are such a mess.


  34. - Yellow Dog Democrat - Thursday, May 10, 12 @ 11:10 pm:

    Rich -

    I was 99% sure you’d have them downloaded…why anyone else is surprised is beyond me.

    Quinn gave roughly 5.5% of his income to charity. Not bad, probably better than a lot of elected officials, but it would be nice to see him hit 10%.

    As for the math mistakes, I think you guys are looking at it all wrong. Did he make a mistake? Sure. But he prepared his taxes himself like most families in Illinois. Most Illinoisans don’t have accountants. In fact, Democrats and Republicans alike would be heroes if they could reform the tax code to put the accountants and tax attorneys out of business.

    Don’t sweat it, Pat. We all make mistakes. That’s why there’s an eraser on the other end.


  35. - bigdaddygeo - Friday, May 11, 12 @ 7:06 am:

    As they say in the software business, “that’s not a defect, it is a feature.” Want tax reform, make every committee chairman, every member of a tax drafting committee do their own taxes by hand. Credit to PQ for doing it on his own - poor judgement for not buying Turbo Tax.

    It is too bad though that we found the error. The best part of the process is finding out 2 years from now that the mistake underpaid his 2011 taxes, underpaid his 1st quarter 2012 resulting in underpayment penalties and interest of twice the original tax due.


  36. - bigdaddygeo - Friday, May 11, 12 @ 7:14 am:

    Sorry guys, we missed the best part! Let me get this straight, the Governor of Illinois didn’t disclose whether or not he had foreign accounts. This could be one of the biggest hammers the IRS has. I hope he amends his return …

    Non willful violations can be fined up to $10,000.
    A person who willfully
    fails to report an account or account identifying information may be
    subject to a civil monetary penalty equal to the greater of $100,000 or
    50 percent of the balance in the account at the time of the violation.


  37. - dumb ol country boy - Friday, May 11, 12 @ 7:51 am:

    @ Yellow Dog Dem……Yeah and I hope the “Eraser on the other end” comes at polls when Pat Quinn is attempting to get re-elected.
    What a joke!


Sorry, comments for this post are now closed.


* Stay tuned
* Another collectivist rag weighs in
* SUBSCRIBERS ONLY - This just in...
* Today's quotable
* Question of the day
* Munger has "exciting news," Mendoza posts very long ad
* Emanuel says Rauner has "wasted" his term
* I just can't
* Maybe not
* A look at the elected Chicago school board bill
* Caption contest!
* More like this, please
* AG Madigan announces huge VW settlement
* Rauner blasts Dems
* Scherer opponent drops out
* Rauner poll: Voters oppose CPS "bailout"
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* *** UPDATED x1 - Madigan won't say if he has the votes *** House not yet in agreement with Senate
* *** UPDATED x1 - Bills filed *** Rauner unveils his stopgap plan
* SDems leak K-12 funding plan
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Deal: Turn your smartphone into a 3D gaming console
* ZTE can continue U.S. trade through end of August with latest extension
* New Google Cast SDK Version 3 released
* Big discount on Jawbone UP2 if you act quick
* [Video] First look at TouchWiz for the Samsung Galaxy Note 7?
* ZTE cooperating with Commerce Department as exports reprieve is extended
* Amazon Windows Phone app sunsetting support July 25

* Morneau likens return process to Spring Training
* Fulmer to represent White Sox at Futures
* Schedule eases up for White Sox, who can’t ease up themselves
* Hawkins among top prospect performers Monday
* Hawkins among top prospect performers Monday
* 2016 Draft: Signing and bonus tracker
* Hit in 57 games, win $5.6 million

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Our view: Enough! State leaders must end Illino.....
* Rauner, top lawmakers hold lengthy talks on bud.....
* Emanuel closing in on deal to save city’s large.....
* Legislators say they're making progress on stop.....
* GOP, Democrats say progress made in budget talk.....
* Amid bitter partisanship, Southern Illinois lea.....
* GOP, Democrats say progress made in Illinois bu.....
* Rauner, top lawmakers hold lengthy talks on bud.....
* GOP, Democrats Say Progress Made in Illinois Bu.....
* GOP, Democrats say progress made in Illinois bu.....


* Human Services caseworker pleads guilty to theft charges
* Judge orders Illinois to add PTSD to medical marijuana list
* Illinois' share of multistate VW settlement nearly $29M
* Witness in Urbana murder trial shot while sitting in car
* Strangled Chicago woman's son sues city, Cook County
* Rauner pushes new stopgap budget, rips Democrats' plan
* Dire scenarios for Illinois in second year without budget
* Illinois residents asked to leave fireworks to the pros
* Illinois corrections owes city $1.2 million in utilities
* Officials: Starved Rock visitors should watch crowds

* Carlinville train station upgrade dependent on state budget
* Governor, leaders say progress made on budget deal
* Deadrick Wolfer suspends House race vs. Scherer
* Higher education coalition urges full funding for both 2016, 2017
* Judge orders Illinois to add PTSD to medical marijuana list
* Deadrick Wolfer suspends Illinois House race vs. Scherer
* Former state worker pleads guilty to theft charges
* Rauner pushes new stopgap budget, rips Democrats' plan
* Dire scenarios for Illinois in second year without budget
* Illinois' share of multistate VW settlement nearly $29M

* First Midwest buys Standard Bancshares in $365 million deal
* Trunk Club to shut Goose Island operation, cut 250 jobs
* Dire scenarios for Illinois in second year without budget
* Head of TSA in Chicago resigns
* Rauner pushes new stopgap budget, rips Democrats' plan


* Friends of the Parks fires back on Lucas museum debacle
* Summer in Chicago fishing: Pick your fish and go fish
* Emanuel closing in on deal to save city’s largest pension fund
* Former starter Wood unlikely ‘linchpin’ for Cubs’ sagging bullpen
* Woman with bipolar disorder reported missing from Rogers Park
* Fourth of July weekend holiday travel to hit record levels
* Man shot in Austin
* Trump gets Mike Ditka, Mike Tyson to speak at GOP convention
* Judge orders Illinois to add PTSD to medical marijuana list
* Morneau gets closer to rehab assignment


* Producers credit the people of Aurora for movie's success
* Mississippi lawmaker to mother seeking help: Buy kid's meds yourself
* Trump blasts trade deals, declares era of 'Americanism'
* At least 4 wounded in separate shootings on South, West sides
* 36 dead, 147 wounded in suicide attack on Istanbul airport
* Lawyer: Teen on trial for police chase 'made a lot of mistakes'
* Rauner, top lawmakers hold lengthy talks on budget impasse, Madigan 'optimistic'
* Cubs' Joe Maddon believes Kris Bryant's versatility will separate him from other elite players
* Elgin auto business expands into Carpentersville
* Police union chief blasts 'disrespect' for cops, 'anti-police correctness' in speech


* Enough: Illinois' budget standoff must be resolved
* The story behind our front page editorial
* Carlinville train station upgrade dependent on state budget
* Governor, leaders say progress made on budget deal
* Deadrick Wolfer suspends House race vs. Scherer
* Guest Column: Illinois legislators fail to fix broken biometrics law
* Our View: The story behind Wednesday's front page editorial
* Higher education coalition urges full funding for both 2016, 2017
* Judge orders Illinois to add PTSD to medical marijuana list
* Deadrick Wolfer suspends Illinois House race vs. Scherer


* Gun violence topic for Champaign council applicants
* Bollant: Summitt was 'great role model'
* Ex-UI coach Law remembers Summitt
* Groce moving on from Nunn
* UI hoops recruit glance: Trent Frazier
* UPDATED: Teachers picket at Unit 4
* PODCAST: SportsTalk 06-28-16
* Judge will recommend boot camp in drug case
* PODCAST: Luke Boyce, Shatterglass Studios 06-28-16
* Man arrested after burglary report faces variety of charges


* How Edward Hospital plans to increase tech use, patient convenience
* Swimming: Glenbrook South's Smoliga wins 100 backstroke at Olympic Trials
* Longer 'Batman v Superman' is better, but still frustrating
* No one injured in Gurnee fire, officials say
* Chicago White Sox's Anderson says eventually he will start taking walks

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Illinois to get $17 million for HIV assist......

* GOP Senator Mark Kirk Immediately Politici......

* Dep't of Justice To Hold Public Forums Regarding CPD Investigation
* Wednesdays Are "CAPS Night Out" in Buttercup Park; Volunteers and Participants Sought
* Berman: What Would Gay Christians Have Straight Christians To Do?
* Thorner/O'Neil: Brexit's Fine Line Between Committing and Correcting
* Britain's Prime Minister To Resign After 'Brexit' Vote
* Lucas Museum Abandons Plans To Build In Chicago (UPDATED)
* Progress Illinois On Abbreviated Publishing Schedule
* IL Reproductive Rights Groups Hail High Court Decision
* What's the Difference Between England, Britain and the U.K.?
* Dold to launch "People before Politics" bus tour Wednesday in Lake Bluff


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller