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Apr 22, 2005, 01:47 AM
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Bushes claim post office box as home for tax returns
WASHINGTON — They've got a ranch in rural Texas and a nice home-office setup on Pennsylvania Avenue in Washington. But for income tax purposes, President Bush and his wife Laura claim a Chicago post office box as their "home address."
On the 1040 they signed – and the White House released last week – the listed home address is "Northern Trust Co., P.O. Box 803968, Chicago, Ill. 60680."
That places the president's home in a downtown Chicago post office named for former Democratic U.S. Rep. Cardiss Collins.
White House spokeswoman Erin Healy said Tuesday that the post office box is the Bushes' home address for federal income tax purposes, and has been since he took office, because Northern Trust handles the blind trust into which the Bushes have put all their holdings. Healy said the use of the Illinois address did not mean the Bushes had to pay Illinois state income tax.
IRS spokesman Tim Harms said Tuesday that the "home address" question does not always have a simple answer.
"As near as I can tell, it's OK," Harms said after shopping the residency question among several people at his agency.
Bush, coincidentally, was in Illinois on Tuesday at the dedication of the Abraham Lincoln Presidential Library and Museum in Springfield.
In general, the Internal Revenue Service frowns upon the use of a post office box as a home address on tax forms. IRS instructions for Form 1040 say, "Enter your box number only if your post office does not deliver mail to your home."
Richard Lenet, an accounting professor at Montgomery College in Maryland, said he has had many clients who listed post office boxes as their home address on tax returns but only because they did not receive mail at their residences.
"But the post office box is in the city in which they live," Lenet said of his clients.
A review of recent presidential income tax returns shows a definite partisan split concerning what home address to list: Democrats have listed the White House. Republicans list an address of the entity that handled their money.
Democrat Bill Clinton listed "1600 Pennsylvania Ave" and Jimmy Carter simply put "The White House."
Republican George H.W. Bush used the New York address of Besemer Trust Co., but it was listed as a "care of" address, not as his home address. Ronald Reagan listed the Los Angeles office of attorney Roy Miller.
Bushes claim post office box as home for tax returns
WASHINGTON — They've got a ranch in rural Texas and a nice home-office setup on Pennsylvania Avenue in Washington. But for income tax purposes, President Bush and his wife Laura claim a Chicago post office box as their "home address."
On the 1040 they signed – and the White House released last week – the listed home address is "Northern Trust Co., P.O. Box 803968, Chicago, Ill. 60680."
That places the president's home in a downtown Chicago post office named for former Democratic U.S. Rep. Cardiss Collins.
White House spokeswoman Erin Healy said Tuesday that the post office box is the Bushes' home address for federal income tax purposes, and has been since he took office, because Northern Trust handles the blind trust into which the Bushes have put all their holdings. Healy said the use of the Illinois address did not mean the Bushes had to pay Illinois state income tax.
IRS spokesman Tim Harms said Tuesday that the "home address" question does not always have a simple answer.
"As near as I can tell, it's OK," Harms said after shopping the residency question among several people at his agency.
Bush, coincidentally, was in Illinois on Tuesday at the dedication of the Abraham Lincoln Presidential Library and Museum in Springfield.
In general, the Internal Revenue Service frowns upon the use of a post office box as a home address on tax forms. IRS instructions for Form 1040 say, "Enter your box number only if your post office does not deliver mail to your home."
Richard Lenet, an accounting professor at Montgomery College in Maryland, said he has had many clients who listed post office boxes as their home address on tax returns but only because they did not receive mail at their residences.
"But the post office box is in the city in which they live," Lenet said of his clients.
A review of recent presidential income tax returns shows a definite partisan split concerning what home address to list: Democrats have listed the White House. Republicans list an address of the entity that handled their money.
Democrat Bill Clinton listed "1600 Pennsylvania Ave" and Jimmy Carter simply put "The White House."
Republican George H.W. Bush used the New York address of Besemer Trust Co., but it was listed as a "care of" address, not as his home address. Ronald Reagan listed the Los Angeles office of attorney Roy Miller.
