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MUST READ FROM THE STAR TRIBUNE: “NEW ROUND OF FINANCIAL QUESTIONS DOGS FRANKEN”
By Michael B. Brodkorb | April 24, 2008
“Responding to new Republican charges that DFL U.S. Senate candidate Al Franken hid income from California tax authorities for years, Franken’s campaign said Thursday that his accountant is trying to sort out whether taxes are owed.
Campaign manager Andy Barr said Franken is eager to resolve the matter, the latest in a series of controversies surrounding his personal corporation, Alan Franken Inc.” Source: Star Tribune, April 24, 2008
Click here for the complete story.
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“The latest questions about the personal corporation Franken set up to handle his entertainment enterprises came in the wake of news last week that Franken owes California $5,800 in back taxes and penalties for failing to file state income tax returns for the corporation from 2003 to 2007.
The dollar figure represents a minimum tax charged to corporations with or without reported income.
The campaign explained that no returns were filed because Franken hadn’t done business in the state since 2003, and that the accountant was unaware that the corporation, Al Franken Inc. (AFI), had to be formally dissolved.
But Republicans now say Franken has in fact done business in California on many occasions. Using the Internet and information programs such as Lexis Nexis, party researchers found 32 public appearances that Franken made in California from 2003 to 2007, at least eight of which charged an admission fee. For instance, Franken spoke at universities, addressed the Urban Land Institute and debated conservative pundit Ann Coulter for a lecture series.” Source: Star Tribune, April 24, 2008
Click here for the complete story.
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This post also appears on Blogs for Norm!, an online community and blog covering the 2008 U.S. Senate campaign in Minnesota. The primary goal of Blogs for Norm! is to organize bloggers who support U.S. Senator Norm Coleman.
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2 Responses to “MUST READ FROM THE STAR TRIBUNE: “NEW ROUND OF FINANCIAL QUESTIONS DOGS FRANKEN””
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April 24th, 2008 at 11:51 PM
This is great work, MDE. Stay on top of this story.
April 25th, 2008 at 8:57 AM
Going to need to get more popcorn for this show.