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Paul Ryan Failed To Disclose Investments On Ethics Forms

Vice-presidential candidate Rep. Paul Ryan’s tax returns contained investments he failed to disclose on his Congressional financial disclosures. His tax returns reveal the amount of profit or loss, but we still don’t know the value of the underlying investment.

Ryan’s Tax Returns Reported Investment In TLS Partners LLC – But Did Not Disclose It In Personal Financial Disclose Forms

Ryan Did Not Disclose Any Stake In TLS Partners In His Personal Financial Disclosures.  Since 1999, Ryan has not disclosed any ownership interest in TLS Partners, LLC in any of his personal financial disclosure forms.  [Personal Financial Disclosure, “Schedule III – Assets and Unearned Income,” Office of the Clerk for the U.S. House of Representatives, Paul Ryan, 19981999200020012002200320042005200620072008, 2009Amended 20092010Amended 20102011,Amended 2011]

2010-2011: Ryan Reported A Cumulative Income Loss Of $178 From Stake in TLS Partners LLC.  According to Ryan’s 2010 and 2011 individual tax return, he took a cumulative $178 loss in income from a stake in TLS Partners LLC.  Ryan’s investment in TLS Partners LLC is detailed in the table below:

Year Investment Name Income Profit
2011 TLS Partners, LLC

-$75

2010 TLS Partners, LLC

-$103

Total:

-$178

[Form 1040 Individual Income Tax Return, Internal Revenue Service, Paul & Janna Ryan, 20102011]

Ryan’s Tax Returns Reported Investment In Oil And Natural Gas Exploration Business, LongFellow Energy LP – But Did Not Disclose It In Personal Financial Disclosure Forms

Ryan Did Not Disclose Any Stake In Longfellow Energy LP In His Congressional Personal Financial Disclosures.  Since 1999, Ryan has not disclosed any ownership interest in Longfellow Energy, LP in any of his Congressional personal financial disclosure forms.  [Personal Financial Disclosure, “Schedule III – Assets and Unearned Income,” Office of the Clerk for the U.S. House of Representatives, Paul Ryan, 19981999200020012002200320042005200620072008, 2009,Amended 20092010Amended 20102011Amended 2011]

2010-2011: Ryan Took A Cumulative $164 In Income From Investment In Longfellow Energy LP.  According to Ryan’s 2010 and 2011 individual tax return, he took $164 worth in investment income from his stake in Longfellow Energy, LP.  Ryan’s investment in Longfellow Energy is detailed in the table below:

Year Investment Name Income Profit
2011 Longfellow Energy, LP

$6

2010 Longfellow Energy, LP

$158

Total:

$164

[Form 1040 Individual Income Tax Return, Internal Revenue Service, Paul & Janna Ryan, 20102011]

Longfellow Energy LP Formerly Named “Deut 8 Holdings LP” Referring To Biblical Passage Deuteronomy Eight, Concerning The Inheritance Of Land.  Since the company’s inception in June 2001, its original name and listed General Partner makes references biblical passages concerning the inheritance of land in Deuteronomy – Chapter Eight – through its original name of “Deut 8 Holdings LP,” and its general partner “Deut 8 LLC.”  [Certificate of Limited Partnership, Texas Secretary of State, Deut 8 Holdings LP, Filed 6/19/01; Articles of Organization, Texas Secretary of State, Deut 8 LLC, Filed 6/8/01; Vatican New American Bible, “The Pentateuch, Deuteronomy, Chapter 8,” www.vatican.va]

Ryan Failed to Disclose Role with Family Real Estate Partnership

Ryan Did Not List Position With Ryan Family Real Estate Limited Partnership On Congressional Financial Disclosures. Between 2001 and 2011, Ryan did not list a position with the Ryan Family Real Estate Limited Partnership on his Personal Financial Disclosures, filed with the Clerk of the House of Representatives.  [Certificate of Domestic Limited Partnership, Wisconsin Department of Financial Institutions, Ryan Family Real Estate Limited Partnership, Filed 4/16/01; PersonalFinancial Disclosure, “Schedule VIII – Positions,” Office of the Clerk for the U.S. House of Representatives, Paul Ryan, 20012002200320042005200620072008, 2009Amended 20092010Amended 20102011Amended 2011]