Abel Maldonado fails to disclose tax returns
July 25, 2012
Republican congressional candidate Abel Maldonado continues to refuse to release his tax returns, even after he agreed to do so more than four weeks ago. [KSBY]
In response to a challenge by his opponent, Congresswoman Lois Capps who had released her tax returns for every year she has been in office, Maldonado’s campaign told KSBY Maldonado would release his 2011 tax return by June 22. He, however, has still not posted any of his tax returns on his campaign website.
Capp’s campaign said that the challenge was not for the disclosure of one year, but for every year since he has been in public office.
“We realize that Mr. Maldonado has bigger things to worry about than his campaign, such as the IRS suing him in federal tax court for avoiding $4.2 million he owes in back taxes from 2006-2008 and for making improper deductions for his country club membership, home remodeling and other personal expenses,” the Capp’s campaign said in a press release. “By our count, he has at least 4.2 million other things on his mind besides his campaign.”
Maldonado responded to KSBY on Monday explaining he had filed for an extension for his 2011 tax return and was asking the IRS to provide him copies of previous years.
“As has been reported, the Maldonado family farming business is engaged in a dispute with the IRS regarding the period of time in which certain deductions were taken in the past years,” Maldonado’s told KSBY. “Pending a resolution to the dispute, Mr. Maldonado has filed an extension for his 2011 return. In the interest of public disclosure, Mr. Maldonado has filed a public Financial Disclosure Form 700 with the state of California for every year he has been in elected office going back to 1994.”