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.


* Afternoon updates
* Hospitals back removal of income tax sunsets
* The other strategy
* *** UPDATED 1x *** Quinn onboard; Rauner latches onto term limits proposal
* Because Illinois is a real battleground state
* Quinn dodges Rahm question on "Morning Joe"
* Morning Shorts
* 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

          
        * iPhone 6 curved design, Swarovski Galaxy S5, Android dialer & more – Pocketnow Daily
        * Sharp AQUOS 304SH boasts slim bezels on 5.2-inch display
        * Pinterest Adds Smarter Search Tool
        * Samsung Galaxy Note 10.1 2014 Android 4.4.2 changes get detailed
        * Viber transmits and stores images and videos insecurely
        * NETGEAR STS7000 is a tablet geared for home security
        * Hulu Plus app now casts to PS3, PS4, Xbox One

        * Want This: Star Wars Millennium Falcon Windshield Sun Shade
        * DryFlush Saves Water, Will It Save The Planet?
        * ASUS C200 Chromebook Available For Pre-Order From Select Stores
        * Minecraft Xbox One Will Enjoy Saved Files From Xbox 360
        * Jumpr Juices Your Phone, Jumpstarts Your Car
        * Fan Remakes Resident Evil 2 With Unreal Engine As Proof Of Concept
        * Mark Zuckerberg Tried Out Sony’s Project Morpheus Before Acquiring Oculus VR

        * Detroit Tigers 7, Chicago White Sox 4: Scherzer Stops Sox
        * Quintana solid, but drops finale in Detroit
        * Johnson starts homestand opener vs. Rays
        * Quintana solid, but drops finale in Detroit
        * Walks working against the White Sox' plans for the bullpen
        * Viciedo maturing at the plate
        * Beckham returns, thrust into starting lineup


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

        Archives
        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


        * Sosnowski, other state leaders respond to Gov. .....
        * Minimum- and low-wage workers react to Gov. Pat.....
        * Dem Governor of Illinois Condones Comparison Be.....


        * Man pleading guilty in drugs for bitcoins scheme
        * Man charged with giving girlfriend HIV
        * Man charged with giving girlfriend HIV
        * Ill. jobs screened for political ties after hiring
        * Ex-Marine sentenced to die in sailor's slaying
        * Quinn: Obama library should get private funds too
        * Twice-fired police chief charged with battery
        * Illinois governor praises work of slain doctor
        * Illinois researchers to study Washington mudslide
        * Severe storms loom across central US this weekend

        * State jobs screened for political rules after hires
        * Bankruptcy court trial sought over $3.8 million paid to Parsons
        * Amazon takes hit in states with online tax, study says
        * State audit: Police training money misspent
        * Audit: Treasurer's office has 30 guns not given to police
        * Madigan: 'Misunderstanding' on Obama library vote
        * Madigan re-elected to lead state Democratic party
        * Hastert, other state Republicans supporting immigration reform
        * Lawsuit seeks investigation of hiring under Quinn
        * Patronage allegations give Rauner fodder in race against Quinn

        * Chicago City Council committee OKs plastic bag ban
        * Feds to review Northwestern bid to unionize
        * United stock takes biggest tumble since October 2011
        * Next up for CPS: Barack Obama College Prep
        * Left set to play Kochs' game: Liberal elite meet here Sunday


        * CPS puts $100 million price tag on mayor's A/C-in-schools edict
        * Man fatally shot Thursday night in Auburn Gresham neighborhood
        * Woman sexually assaulted near Matteson Metra station
        * Priest in 2nd child abuse investigation won’t be alone with kids: archdiocese
        * Reject firefighter staffing bill
        * Chicago man charged with giving girlfriend HIV; wife died of AIDS
        * Trio charged with robbing stores, gas stations in city, suburbs
        * His wife died of AIDS, now Chicago man is charged with giving girlfriend HIV
        * Pedicab operators say a crackdown could put them out of business
        * Robo-calls on pension reform bill raise Rauner-Rahm rift


        * 1 dead, 7 injured in shootings
        * Woman sexually assaulted in Matteson
        * Illinois graduated income tax vote next week
        * Dutch man charged in Chicago with selling drugs for bitcoins
        * Ravinia sales brisk, but wait long, as ticket-buying opens
        * New Chicago high school to be named for Obama
        * Lawyers for men charged in NIU hazing death challenge law
        * Coach fired in Maine West hazing scandal fails to win back job
        * Illinoisans have lowest home-state opinions in the U.S., poll says
        * Mom on death penalty for Torrez: ""I only wish I could do it myself"


        * Secret recording shows Uber's efforts to poach Chicago cabbies
        * Springfield Ordinances for Lincoln's Funeral Unearthed
        * Illinois Finally Gets 'No Child Left Behind' Waiver
        * Chicago aldermen pass plastic bag ban
        * City Council panel passes plastic bag ban
        * Marian Anderson Tribute - 'The Concert That Shook The Establishment'
        * Organic foods sold by Walmart create fear among some organic farmers and farm advocates
        * Senator Kirk joins Revolution in backing Small BREW Act
        * Listen To State Week - April 18, 2014
        * Earth Friendly Event In Springfield This Weekend


        * State jobs screened for political rules after hires
        * Quinn: Obama library should get private funds too
        * Rauner skips GOP event over pastor's comments
        * Quinn backs term limits for constitutional officers
        * Rauner wants Quinn to release hiring documents
        * Bernard Schoenburg: Barr borrowed late in sheriff campaign to keep ads flowing
        * Cristal Thomas: Protecting Illinois’ pregnant workers shouldn’t be a heavy lift
        * Remap group says it is not political
        * Quinn clout hiring faces scrutiny
        * Judge OKs use of lawmaker's post-arrest statement


        * Deadline approaches for memorial bricks
        * Jacksonville man receives French Legion of Honour
        * Major gets first-hand look at volunteer spirit
        * State legislature to consider term limits
        * Police Beat
        * Our view: Patronage
        * Taxpayers don’t need this monumental bill
        * Upcoming Services (April 25, 2014)
        * Open Line
        * Bullying Awareness at RCC


        * The 10th District money race
        * Aurora Democrat calls out IHSA
        * Lawyers: Ill. hazing law vague, unconstitutional
        * Ill. House OKs lower-cost hunting bill for seniors
        * Quinn’s running mate takes new consulting job

        * Rep. Jan Schakowsky: The Affordable Care A...
        * Aaron Schock's fabulously exciting Instagr...
        * Chuck Sweeny: Adam Kinzinger, Aaron Schock...
        * In immigration news: Republicans for refor...
        * Illinois Republicans warm to legal status ...
        * GOP 'Congressman with Abs' Aaron Schock Ha...
        * Illinois Republicans Call for Immigration ...
        * Rep. Aaron Schock in Japan, China, South K...
        * Lewis lauds Dirksen's role in civil rights...
        * Civil rights icon John Lewis says next gen...

        * Loading Koch Industries Website Too Many T......
        * Maryland and DC among worst for food aller......
        * Cleveland State University to reestablish ......
        * Convicted political boss Al Sanchez runnin......
        * Candidates make last filings for local, st......

        * Illinois Lt. Gov. Simon opposes pension le......
        * Dillard Odd Man Out on Pension Deal Reaction...
        * Sen. Mark Kirk sides with Rauner on pensio......
        * Governor's race infighting threatens pensi......
        * SCHOONERS - Home of Everyone's Favorite Be......

        * The Tea Party Genome
        * Chicago Reader: It's getting harder to snicker at Obamacare
        * Heartbreak Hotel
        * Major Oil & Gas Firm To List Drilling Chemicals
        * Durbin Says FDA E-Cigarette Regulations Don't Go Far Enough
        * Herbalife Punished 600 Distributors For Medical Claims: ABC News
        * Harmon To Push For Graduated Tax Vote Next Week
        * Madigan blames Tea Party for $100M Obama Library re-vote
        * Oberweis remains committed to border security, immigration law enforcement
        * One In Ten U.S. Bridges In Urgent Need Of Repair: Report


        * Cases of Chlamydia, Gonorrhea and HIV on the Rise Nationally - Residents Are Encouraged to Get Tested for STDs
        * State Insurance Regulators Urge Property Owners to Review/Add Coverage to Protect from Floods & Water Damage - Most homeowners’ policies do not cover flood damage
        * Governor Quinn Statement on New Proposal to Enact Term Limits for Constitutional Officers
        * Statement from Governor Quinn on the Passing of Dr. Jerry Umanos
        * Governor Quinn Proclaims “Wrigley Field Day” - Home of the Chicago Cubs Turns 100 Years Old Today




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller