What To Look For In President Trump's Tax Returns — If We Ever See Them
5 years, 3 months ago

What To Look For In President Trump's Tax Returns — If We Ever See Them

NPR  

What To Look For In President Trump's Tax Returns — If We Ever See Them Enlarge this image toggle caption Evan Vucci/AP Evan Vucci/AP President Trump has won at least a temporary reprieve from a judge's order to release his tax records as part of a criminal investigation into his business dealings. "If your goal with Donald Trump's tax return is to find something he did wrong with his taxes, it's not gonna be easy — at all," Hoopes said. Hoopes said it's likely that, as Trump has claimed, he has already been audited repeatedly by the IRS — a process that involves producing many more records than a typical tax return would include. Sponsor Message "So absent that ability to ask Donald Trump for more information, it's not clear we'd learn a whole lot," Hoopes said. Trump's tax records could point to some of the organizations and individuals he has done business with, "but you're not going to find the name of every vendor or contractor that he's written a check for," said Deidre Liedel, an accounting professor at the University of Toledo.

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History of this topic

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
8 months ago

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

The Hindu  

Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Mr. Trump’s presidential campaign provided a statement in son Eric …

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
8 months ago

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Associated Press  

WASHINGTON — Former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Trump’s presidential campaign provided a statement in son Eric …

'Bring a case': Trump's biographer says ex-president's taxes warrant a new criminal charge
9 months, 4 weeks ago

'Bring a case': Trump's biographer says ex-president's taxes warrant a new criminal charge

Raw Story  

Former president Donald J. Trump could face yet another criminal prosecution if his biographer has anything to say about it. Trump biographer David Cay Johnston, who has covered Trump's taxes and financial matters for years, appeared on MSNBC's Alex Witt Reports Sunday. "There's statutes of limitations for criminal prosecution of taxes, but one of the things we know from the …

Trump used an unusual method to get a behind-the-scenes look at IRS tax investigation: report
1 year, 11 months ago

Trump used an unusual method to get a behind-the-scenes look at IRS tax investigation: report

Raw Story  

Former President Donald Trump sent a barrage of Freedom of Information Act requests to the IRS in an attempt to get a behind-the-scenes look at the agency's preparations to turn his tax records over to Congress, Bloomberg reports. According to one of the FOIA requests, Trump attorney William F. Nelson asked the IRS for communications from IRS Commissioner Charles Rettig …

'Final nail in his coffin': Trump's taxes contain 'powerful evidence of criminal tax evasion'
2 years ago

'Final nail in his coffin': Trump's taxes contain 'powerful evidence of criminal tax evasion'

Raw Story  

In a column for the Daily Beast, longtime investigative journalist and Donald Trump biographer David Cay Johnston made the case that there is enough evidence of financial fraud in the former president's tax returns from 2015 to 2020 to indict and prosecute him. According to Johnston, the author of "The Big Cheat: How Donald Trump Fleeced America and Enriched Himself …

Trump's tax returns finally released to the public
2 years ago

Trump's tax returns finally released to the public

Raw Story  

On Friday morning, the House Ways and Means Committee placed former President Donald Trump's tax returns into the congressional record during a pro forma session, officially releasing the information to the public. Every president since the Richard Nixon administration, and virtually every presidential candidate, has released their tax returns to the public voluntarily. READ: 'Trust fund nepo baby' Donald Trump …

Trump’s tax returns are out. Here’s how he was able to pay so little — so often
2 years ago

Trump’s tax returns are out. Here’s how he was able to pay so little — so often

LA Times  

Former President Trump’s seven-year battle to keep the public from seeing his taxes ended in defeat Friday as a House committee released six years of returns documenting his aggressive efforts to minimize what he paid the Internal Revenue Service. For the record: An earlier version of this article incorrectly stated which year’s tax return from former President Trump the Ways …

How Trump brazenly took tax losses he knew were fraudulent
2 years ago

How Trump brazenly took tax losses he knew were fraudulent

Raw Story  

Donald Trump knowingly committed dozens of brazen tax frauds during the six years when he ran for office and was President, my analysis of the Congressional report on his tax returns and other documents shows. Despite this huge revenue stream, Trump reported minus $53.2 million in Adjusted Gross Income, the last number on the front page of your Form 1040 …

Trump’s taxes: House OKs bill on IRS audits of presidents
2 years ago

Trump’s taxes: House OKs bill on IRS audits of presidents

Associated Press  

WASHINGTON — The House took action Thursday after disclosures that the IRS never fully reviewed Donald Trump’s tax returns during his presidency, passing a bill that would require audits of any president’s income tax filings. He said the “unprecedented action jeopardizes the rights of every American to be protected from political targeting.” The committee’s lengthy investigation revealed this week that …

EXPLAINER: What’s the debate over releasing Trump’s taxes?
2 years ago

EXPLAINER: What’s the debate over releasing Trump’s taxes?

Associated Press  

WASHINGTON — The Democratic-controlled House Ways and Means Committee on Tuesday voted to release former President Donald Trump’s tax returns, raising the potential of additional revelations in the coming days related to the finances of the longtime businessman who broke political norms by refusing to voluntarily make public his returns as he sought the presidency. That date coincides with when …

Trump's taxes: House OKs bill on IRS audits of presidents
2 years ago

Trump's taxes: House OKs bill on IRS audits of presidents

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The House took action Thursday after disclosures that the IRS …

Donald Trump paid no taxes in 2020, records reveal he reported losses in office
2 years ago

Donald Trump paid no taxes in 2020, records reveal he reported losses in office

India Today  

The former President of the United States, Donald Trump, paid no income tax in 2020. According to tax figures released by a congressional panel, Trump's income, and his tax liability, fluctuated dramatically during his four years in the White House. The record highlighted that Trump and his wife, Melania, paid some form of tax during all four years, but were …

Calls for investigation after Trump tax returns expose 'audit' lie — and years of 'negative income'
2 years ago

Calls for investigation after Trump tax returns expose 'audit' lie — and years of 'negative income'

Raw Story  

The House Ways and Means Committee on Tuesday voted to release years of former President Donald Trump's tax returns and revealed that the IRS did not perform mandatory audits during his first two years in office. The panel voted to release Trump's tax returns from his years in office after winning a yearslong court battle to obtain them even though …

Trump and the IRS: A massive tax cheat and a hapless, corrupt agency
2 years ago

Trump and the IRS: A massive tax cheat and a hapless, corrupt agency

Raw Story  

Back in February of 2019, then-President Donald Trump's former attorney, Michael Cohen, testified before the House Oversight Committee that his former employer had once shown him a big refund from the IRS and told him "he could not believe how stupid the government was for giving someone like him that much money back." On Tuesday the House Ways and Means …

House votes to release Donald Trump’s tax returns after years of legal fighting
2 years ago

House votes to release Donald Trump’s tax returns after years of legal fighting

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An influential congressional committee voted on Tuesday to release former …

Donald Trump's tax audits required by law were delayed, says House Panel
2 years ago

Donald Trump's tax audits required by law were delayed, says House Panel

India Today  

A report issued Tuesday by the Democratic-controlled House Ways and Means Committee found that required IRS audits of Donald Trump were delayed, and committee members voted along party lines to also release tax filings of the former president who broke political norms by refusing to release the information on his own. That date also coincides with committee Chairman Richard Neal, …

Donald Trump's tax returns to be released to public
2 years ago

Donald Trump's tax returns to be released to public

The Telegraph  

US legislators have voted to make public Donald Trump's tax returns, ending a years-long battle by the former president to keep the filings private as his cloudy financial past continues to stoke controversy. Mr Trump's family business was convicted of tax fraud earlier this month, in a case Manhattan District Attorney Alvin Bragg said was "about greed and cheating." "Democrats …

Treasury making Trump taxes available to House committee
2 years, 1 month ago

Treasury making Trump taxes available to House committee

Associated Press  

WASHINGTON — The Treasury Department said Wednesday it has complied with a court order to make former President Donald Trump’s tax returns available to a congressional committee. The Supreme Court last week rejected Trump’s request for an order that would have prevented the Treasury Department from giving six years of tax returns for Trump and some of his businesses to …

'The Supreme Court has lost its honor': Donald Trump rants after SCOTUS rules he must hand over his tax returns
2 years, 1 month ago

'The Supreme Court has lost its honor': Donald Trump rants after SCOTUS rules he must hand over his tax returns

Raw Story  

The Supreme Court on Tuesday ruled in favor of the imminent handover of former President Donald Trump’s tax returns. 'The Supreme Court has lost it’s honor': Donald Trump rants after SCOTUS rules he must hand over his tax returns | RawStory.TV 'The Supreme Court has lost it’s honor': Donald Trump rants after SCOTUS rules he must hand over his tax …

Supreme Court OKs handover of Trump tax returns to Congress
2 years, 1 month ago

Supreme Court OKs handover of Trump tax returns to Congress

Associated Press  

WASHINGTON — The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight. The court, with no noted dissents, rejected Trump’s plea for an order that would have prevented the Treasury Department from giving six years of tax returns for Trump and some …

US Supreme Court clears release of Donald Trump's tax returns to congressional committee
2 years, 1 month ago

US Supreme Court clears release of Donald Trump's tax returns to congressional committee

ABC  

The US Supreme Court has cleared the release of Donald Trump's tax returns to a congressional committee, handing a defeat to the Republican former president who had called the Democratic-led panel's request politically motivated. Key points: Donald Trump was the first president in four decades not to release his tax returns Supreme Court justices have now upheld a request from …

Supreme Court paves the way for release of Trump's tax returns to a House panel
2 years, 1 month ago

Supreme Court paves the way for release of Trump's tax returns to a House panel

NPR  

Supreme Court paves the way for release of Trump's tax returns to a House panel Enlarge this image Zach Gibson/Getty Images Zach Gibson/Getty Images The U.S. Supreme Court on Tuesday refused to block a request by the House Ways and Means Committee for former President Donald Trump's tax returns. The House Ways and Means Committee argued that it needs the …

US Supreme Court paves path to obtain Trump’s tax returns
2 years, 1 month ago

US Supreme Court paves path to obtain Trump’s tax returns

Al Jazeera  

The United States Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight. The court, without comment, rejected Trump’s plea for an order that would have prevented the US Department of the Treasury from giving six years of tax returns for Trump and …

Appeals court says House can obtain Trump’s taxes from the IRS
2 years, 5 months ago

Appeals court says House can obtain Trump’s taxes from the IRS

CNN  

CNN — A federal appeals court on Tuesday signed off on a House Ways and Means Committee request to obtain former President Donald Trump’s tax returns from the Internal Revenue Service. The majority opinion, written by Circuit Judge David Sentelle, said that Ways and Means Committee Chairman Richard Neal’s request for the records was within the scope of his committee’s …

Congressional panel can look at Trump’s tax records, court rules
2 years, 5 months ago

Congressional panel can look at Trump’s tax records, court rules

Al Jazeera  

The ruling adds to the former president’s growing list of legal challenges as he hints at a 2024 presidential campaign. A United States federal appeals court has ruled that a congressional committee has the right to see former President Donald Trump’s tax returns. The Ways and Means Committee sued to force the disclosure of Trump’s tax returns in 2019, but …

Trump’s lawyers seek to block House committees from obtaining tax returns
3 years, 5 months ago

Trump’s lawyers seek to block House committees from obtaining tax returns

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Former President Donald Trump is fighting a request by the …

Trump Calls The Fight To Get Tax Returns A Political Attempt To Retaliate Against Him
3 years, 5 months ago

Trump Calls The Fight To Get Tax Returns A Political Attempt To Retaliate Against Him

NPR  

Trump Calls The Fight To Get Tax Returns A Political Attempt To Retaliate Against Him Enlarge this image toggle caption Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images Former President Donald Trump is trying to stop his tax returns from being released to Democrats in Congress. In a motion filed in federal court Wednesday, Trump's lawyers claim the Democratic-led House …

Trump challenges Justice Dept order on long-sought tax returns
3 years, 5 months ago

Trump challenges Justice Dept order on long-sought tax returns

Al Jazeera  

The department had ordered the IRS to give Trump’s tax returns to a House of Representatives committee. Former United States President Donald Trump has lodged a legal challenge to a Justice Department order that his long-sought tax returns be turned over to a House of Representatives committee. In a filing in federal court in the District of Columbia on Wednesday, …

Manhattan prosecutor gets Trump tax records after long fight
3 years, 10 months ago

Manhattan prosecutor gets Trump tax records after long fight

Associated Press  

NEW YORK — A New York prosecutor has obtained copies of Donald Trump’s tax records after the Supreme Court this week rejected the former president’s last-ditch effort to prevent them from being handed over. Vance’s office issued a subpoena to Trump’s accounting firm, Mazars USA, in August 2019 seeking eight years of his tax returns and related documents. In a …

Prosecutors digging into Trump’s tax and financial records
3 years, 10 months ago

Prosecutors digging into Trump’s tax and financial records

Al Jazeera  

Manhattan district attorney finally gets Trump tax documents, but that doesn’t mean they will become public. After a lengthy court battle, the Manhattan district attorney is in possession of Donald Trump’s tax returns and other financial records as part of a criminal investigation into the former president and his family-run Trump Organization, a spokesman for the office confirmed on Thursday. …

Manhattan Prosecutor Receives Trump Tax Returns After Lengthy Legal Battle
3 years, 10 months ago

Manhattan Prosecutor Receives Trump Tax Returns After Lengthy Legal Battle

NPR  

Manhattan Prosecutor Receives Trump Tax Returns After Lengthy Legal Battle Enlarge this image toggle caption Spencer Platt/Getty Images Spencer Platt/Getty Images Updated at 2:15 p.m. ET The Manhattan district attorney's office is in possession of Donald Trump's tax returns, following a years-long effort by the former president to shield his finances and business affairs from scrutiny. That same day, the …

What NY prosecutors could learn from Trump’s tax records
3 years, 10 months ago

What NY prosecutors could learn from Trump’s tax records

Associated Press  

NEW YORK — Manhattan District Attorney Cyrus R. Vance Jr. fought for a year and a half to get access to former President Donald Trump’s tax records. Here is a look at where the tax records might be helpful, and where they might not help much, in the district attorney’s investigation: ___ MORE THAN JUST RETURNS Trump went to extraordinary …

Trump taxes, long guarded, will soon be in prosecutor’s hands
3 years, 10 months ago

Trump taxes, long guarded, will soon be in prosecutor’s hands

Hindustan Times  

Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him. Many details of Trump’s taxes have emerged, notably in the New York Times last fall, but Vance will be …

Donald Trump's tax returns can be turned over to New York prosecutors, US Supreme Court rules
3 years, 10 months ago

Donald Trump's tax returns can be turned over to New York prosecutors, US Supreme Court rules

ABC  

In a significant defeat for former president Donald Trump, the United States Supreme Court has ruled his tax records can be given to a New York prosecutor. Key points: The New York prosecutor involved in the case has been seeking Mr Trump's tax records since 2019 The decision to release the tax records came from the US Supreme Court Mr …

Supreme Court won’t halt turnover of Trump’s tax records
3 years, 10 months ago

Supreme Court won’t halt turnover of Trump’s tax records

Associated Press  

WASHINGTON — In a significant defeat for former President Donald Trump, the Supreme Court on Monday declined to step in to halt the turnover of his tax records to a New York state prosecutor. In a statement, the Trump blasted prosecutors and said the “Supreme Court never should have let this ‘fishing expedition’ happen, but they did.” The Republican claimed …

Trump may have to face tax questions now he is no longer president
3 years, 11 months ago

Trump may have to face tax questions now he is no longer president

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. One is a massive income tax refund Trump received before entering office, according to …

Investigators probing Trump finances have some of his tax records
3 years, 11 months ago

Investigators probing Trump finances have some of his tax records

Al Jazeera  

Investigators probing outgoing US President Donald Trump’s finances have gotten hold of some of his tax records, allowing them to move ahead even without a Supreme Court order that would give them eight years of his returns, sources tell Bloomberg. Investigators probing President Donald Trump’s finances have gotten hold of some of his tax records, allowing them to move ahead …

Trump Must Turn Over Taxes To Prosecutors, Appeals Court Rules
4 years, 3 months ago

Trump Must Turn Over Taxes To Prosecutors, Appeals Court Rules

Huff Post  

LOADING ERROR LOADING NEW YORK — President Donald Trump’s accountant must turn over his tax records to a New York state prosecutor, an appeals court ruled Wednesday in a decision that likely sets up a second trip to the U.S. Supreme Court over the issue. Circuit Court of Appeals in Manhattan said in a written decision that a stay of …

Appeals court: Trump must turn over taxes to prosecutor
4 years, 3 months ago

Appeals court: Trump must turn over taxes to prosecutor

Associated Press  

NEW YORK — President Donald Trump’s accountant must turn over his tax records to a New York state prosecutor, an appeals court ruled Wednesday in a decision that likely sets up a second trip to the U.S. Supreme Court over the issue. In August, a district court judge had rejected their renewed efforts to invalidate a subpoena that the office …

Op-Ed: Two tax systems. One for the likes of Trump
4 years, 3 months ago

Op-Ed: Two tax systems. One for the likes of Trump

LA Times  

In the last decade, Congress has cut the Internal Revenue Service’s total staffing by more than 20%, which has resulted in less enforcement of tax fraud cases. Most Americans were outraged to learn that President Trump paid $750 in federal income taxes in 2016 and 2017, according to an examination of Trump’s tax returns by the New York Times. Trump …

Trump paying $750 in income tax shows why he’s a billionaire
4 years, 3 months ago

Trump paying $750 in income tax shows why he’s a billionaire

Live Mint  

A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president. Trump’s office properties include commercial spaces at Trump Tower, a leasehold on 40 Wall Street in downtown Manhattan and a 30% interest in two office …

Trump paid just $750 in federal income taxes in 2016 and 2017 after reporting millions in losses, report claims
4 years, 3 months ago

Trump paid just $750 in federal income taxes in 2016 and 2017 after reporting millions in losses, report claims

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. During his successful 2016 presidential campaign, Mr Trump pitched himself as wealthy property mogul …

'Fake News': Trump Rejects Report That Says He Paid Just $750 in Income Taxes in 2016
4 years, 3 months ago

'Fake News': Trump Rejects Report That Says He Paid Just $750 in Income Taxes in 2016

News 18  

In an oblique reference to the New York Times report that said he paid just $750 in federal income taxes in 2016, US President Donald Trump on Monday dismissed as fake news the allegations made by the publication. FAKE NEWS!— Donald J. Trump September 28, 2020 Earlier on Sunday, Trump had told journalists after the publication put out multiple allegations …

Donald Trump's taxes show chronic losses and many years of income tax avoidance
4 years, 3 months ago

Donald Trump's taxes show chronic losses and many years of income tax avoidance

Firstpost  

One Trump enterprise that has been regularly profitable and is a persistent source of concern about ethical conflicts and national security lapses, is the Mar-a-Lago club Donald Trump paid $750 in federal income taxes the year he won the presidency. During the Great Recession bailout, he asked for the money back Testifying before Congress in February 2019, the president’s estranged …

Fake News: Says Trump on reports of paying $750 income taxes in 2016, 2017
4 years, 3 months ago

Fake News: Says Trump on reports of paying $750 income taxes in 2016, 2017

India TV News  

Donald Trump paid just USD 750 in federal income taxes in the year he was elected US president and also in his first year in the White House, according to a media report, which also said that he or his companies paid USD 145,400 taxes in India in 2017. "Donald J Trump paid USD 750 in federal income taxes the …

Donald Trump's tax records show he's carrying $421million in loans and debt
4 years, 3 months ago

Donald Trump's tax records show he's carrying $421million in loans and debt

Daily Mail  

Donald Trump's tax records show he is carrying a total of $421 million in loans and debt with a number of his properties said to be struggling financially. In a Sunday report, dismissed by the president as 'fake news,' The New York Times said most of that debt comes from the Doral golf resort in Florida - $125 million - …

5 takeaways from NY Times report on Trump's tax returns
4 years, 3 months ago

5 takeaways from NY Times report on Trump's tax returns

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A New York Times report that President Donald Trump paid …

5 takeaways from NY Times report on Trump’s tax returns
4 years, 3 months ago

5 takeaways from NY Times report on Trump’s tax returns

Associated Press  

WASHINGTON — A New York Times report that President Donald Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed — served to raise doubts about Trump’s self-image as a shrewd and successful businessman. …

Status Of Trump's Tax Cases
4 years, 3 months ago

Status Of Trump's Tax Cases

NPR  

Status Of Trump's Tax Cases A bombshell report from The New York Times comes as the president continues to fight in court against efforts by state investigators and Congress to gain access to his financial records. TONYA MOSLEY, HOST: That New York Times report this weekend had some stunning revelations about the president's taxes, including that he paid just $750 …

5 takeaways from the New York Times report on Trump’s tax returns
4 years, 3 months ago

5 takeaways from the New York Times report on Trump’s tax returns

LA Times  

A blockbuster New York Times report that President Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed — serves to raise doubts about Trump’s self-image as a shrewd and successful businessman. Eugene Steuerle, …

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