Record on Romney's 2010 tax return differs from financial disclosure: report

Mitt Romney released his tax records from 2010 and 2011, and the returns confirm what everyone knows: Romney is rich and federal taxes are complicated. Jan Crawford speaks with NY tax attorney Alan Dluglash to sort out the details of Romney's complex returns.
Tax attorney weighs in on Romney's returns
Mitt Romney

Updated at 7:20 p.m. ET

The parsing of Republican presidential candidate Mitt Romney's tax returns turned up at least 23 "funds and partnerships" that were listed on his 2010 form but not on his most recent financial disclosure form, news organizations reported on Thursday.

Romney's campaign downplayed the discrepancy.

"To be clear, these are of a minor technical nature and reports to the contrary are inaccurate," said campaign spokeswoman Andrea Saul.

The Los Angeles Times found that "at least 23 funds and partnerships listed in the [Mitt and Ann Romney's] 2010 tax returns did not show up or were not listed in the same fashion on Romney's most recent financial disclosure," the paper reported.

Some of the funds, the Times reported, were based in low-tax foreign countries such as Bermuda, the Cayman Islands, and Luxembourg.

Romney's campaign disputed this aspect of the Times's report.

"Every single one of these investments are taxed to the Romneys in the United States," Saul said.

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