A number of tax law professors have reviewed the newly released tax returns for Gov. Sarah Palin and Todd Palin, and have come to the conclusion that they may have underpaid their federal taxes by tens of thousands of dollars. TaxProf has the details.
The Palins relied on a tax preparer at H&R Block to complete the return, and the preparer might be in trouble for underreporting certain items of income, and the Palins may have additional penalty liability.
I think this story has legs.
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