As predicted on this blog (see prior posts below), and contrary to the pathetic tax opinion released by the McCain campaign, the Anchorage Daily News reports that state tax authorities now concede that the state erroneously failed to include over $16,000 of pre diem payments for travel expense reimbursements as income on Gov. Palin's W-2. The payments were made to Governor Palin for expenses incurred while she lived in her home in Wasilla, Alaska. The state plans to send Gov. Palin a revised W-2. Additional coverage:
Prior TaxProf Blog coverage:
- Tax Profs Agree: Gov. Palin's Tax Returns Are Wrong (10/6/08)
- Gov. Palin Releases Opinion Letter Justifying Not Reporting Per Diem Expense Reimbursements as Income (10/4/08)
- Gov. Palin Releases Tax Returns and Financial Disclosure Forms (10/3/08)
- Attention Sarah Palin: IRS Issues New Rules on Reimbursement of Per Diem Travel Expenses (9/25/08)
- NY Times on Sarah Palin's Tax Problem (9/20/08)
- Sarah Palin's Tax Problem (9/10/08)
(Hat Tip: Bryan Camp, Francine Lipman, Tomas Simon, Sean Stegmaier.)
