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 now appears to be under criminal investigation by the Manhattan district attorney’s office for bank and insurance fraud, which could well spill into a tax fraud investigation. Under the 2017 tax law changes Trump pushed through, only 11% of individuals benefit from itemizing deductions like gifts to charity so that limits potential cheating.

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History of this topic

Trump and sons could be headed for IRS trouble after massive fraud ruling: ex-prosecutor
10 months, 4 weeks ago

Trump and sons could be headed for IRS trouble after massive fraud ruling: ex-prosecutor

Raw Story  

Appearing on MSNBC on the morning after Donald Trump, his two sons and the Trump Organization were slammed by Judge Arthur Engoron with a financial fraud penalty that could exceed $450 million, one ex-prosecutor suggested the IRS and the DOJ could be waiting in the wings. Speaking with host Ali Velshi, legal analyst Catherine Christian acknowledged that New York Attorney …

Donald Trump’s company fined $1.6m for years-long tax fraud scheme
2 years ago

Donald Trump’s company fined $1.6m for years-long tax fraud scheme

The Independent  

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'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 …

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 Organization convicted in executive tax dodge scheme
2 years, 1 month ago

Trump Organization convicted in executive tax dodge scheme

LA Times  

Former President Trump’s company was convicted of tax fraud in New York on Dec. 6, 2022. Politics Trump knew about his company executives’ tax fraud scheme, prosecutor says Manhattan prosecutor challenges defense claims that former President Trump was unaware of the plot at the heart of the tax fraud case against the Trump Organization. The Manhattan district attorney’s case against …

Prosecutor: Evidence shows Trump ‘explicitly’ OK’d tax fraud
2 years, 1 month ago

Prosecutor: Evidence shows Trump ‘explicitly’ OK’d tax fraud

Associated Press  

NEW YORK — In the end, it wasn’t a last-minute smoking gun but a prosecutor insisting that evidence shows Donald Trump was aware of a scheme that his Trump Organization’s executives hatched to avoid paying personal income taxes on millions of dollars worth of company-paid perks. After telling jurors on Thursday that Trump “knew exactly what was going on” with …

Prosecutor: Donald Trump knew about exec’s tax fraud scheme
2 years, 1 month ago

Prosecutor: Donald Trump knew about exec’s tax fraud scheme

Associated Press  

NEW YORK — Donald Trump “knew exactly what was going on” with top Trump Organization executives who schemed for years to dodge taxes on company-paid perks, a prosecutor said Thursday, challenging defense claims that the former president was unaware of the plot at the heart of the company’s tax fraud case. “It was the defense who invoked the name Donald …

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 …

Trump CFO’s lawyer says he suspects more charges in NY tax case
3 years, 3 months ago

Trump CFO’s lawyer says he suspects more charges in NY tax case

Al Jazeera  

A lawyer for former Alan Weisselberg, the indicted Trump Organization chief financial officer, told a New York judge on Monday he has “strong reason to believe” more charges will be forthcoming in the state’s continuing criminal investigation into former President Donald Trump’s private real estate empire. “What I am concerned about is that he will become collateral damage in a …

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’s actions in last days as President increase his legal jeopardy
4 years ago

Trump’s actions in last days as President increase his legal jeopardy

CNN  

CNN — President Donald Trump’s actions during his final days in office have significantly increased his exposure to potential criminal prosecution, lawyers say, complicating his life after the White House. The new possible criminal exposure comes on top of ongoing New York state investigations into the President’s finances and multiple defamation lawsuits related to Trump denying sexual assault accusations by …

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 …

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 …

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 …

REVEALED: Trump's taxes show huge losses and tax dodging schemes
4 years, 3 months ago

REVEALED: Trump's taxes show huge losses and tax dodging schemes

Raw Story  

The New York Times has President Donald Trump's taxes and they're exactly what biographers and experts have been claiming for years. Documents show Trump only paid $750 in federal income taxes in 2016, despite being a self-described billionaire He also only turned over $750 to the IRS after his first year in the White House. To make matters worse, Trump …

Prosecutor seeking Trump’s taxes cites probe of his business
4 years, 5 months ago

Prosecutor seeking Trump’s taxes cites probe of his business

Associated Press  

NEW YORK — A New York City prosecutor fighting to get President Donald Trump’s tax returns told a judge Monday he was justified in demanding them because of public reports of “extensive and protracted criminal conduct at the Trump Organization.” Manhattan District Attorney Cyrus R. Vance, Jr. is seeking eight years of the Republican president’s personal and corporate tax records, …

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 …

MSNBC panelist explains how decades of tax fraud could cost Trump millions
6 years, 3 months ago

MSNBC panelist explains how decades of tax fraud could cost Trump millions

Salon  

A former assistant U.S. Attorney explained how a bombshell investigative report published by the New York Times could spell big trouble for President Donald Trump and his family. “There are bogus loans — that is a hallmark of fraud, where you say, ‘I will give you a loan,’ and then it just is never paid back, it’s not actually a …

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