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 the IRS was required to turn over the information to the committee by law. A Wall Street Journal analysis of the tax data released by the committee showed that Trump and his wife Melania declared "negative income" in four of the six years between 2015 and 2020. House Speaker Nancy Pelosi, D-Calif., said after the vote on Tuesday that the House will "swiftly" take up Neal's new legislation requiring the IRS to conduct an audit of the president's finances.

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History of this topic

Trump's Plan To Cripple Government Transparency
1 month, 3 weeks ago

Trump's Plan To Cripple Government Transparency

Huff Post  

LOADING ERROR LOADING When it comes to the public’s ability to pry documents loose from federal agencies, Donald Trump’s supporters accept nothing less than full disclosure and have spent the past few years bombarding federal agencies with requests for records. In a May 2023 episode of the America First Policy Institute’s podcast, “The Tank,” Bernhardt bemoaned that left-wing organizations he’d …

Trump disarmed a political landmine in refusing to release his tax returns
3 months ago

Trump disarmed a political landmine in refusing to release his tax returns

Politico  

President Joe Biden and Vice President Kamala Harris released their returns in April. Trump’s steadfast refusal, and the dog-that-didn’t-bark nonresponse to that nondisclosure, amounts to yet another blow to the decades-old tradition of presidential contenders in both parties volunteering their returns. It’s hard to know what other potential conflicts of interest Trump might have because, while some of his old …

Trump Has Only Himself to Blame for Jack Smith’s October Evidence Drop
55 years ago

Trump Has Only Himself to Blame for Jack Smith’s October Evidence Drop

Slate  

Last week, after U.S. District Judge Tanya Chutkan unsealed special counsel Jack Smith’s redacted motion laying out his evidence in the Jan. 6 prosecution of Donald Trump, the former president resorted to one of his go-to distractions: accusing Smith of interfering with the election. In its section on “Fair Trials and Public Discourse,” the American Bar Association’s Standards of Criminal …

Latest 'bad financial news for Trump' could cause ex-president 'tremendous damage'
7 months, 3 weeks ago

Latest 'bad financial news for Trump' could cause ex-president 'tremendous damage'

Raw Story  

If Donald Trump ends up on the losing end of a recently reported tax scandal, the former president could be on the hook for $100 million, which would reportedly be financially devastating for the Republican presidential candidate. Trump biographer David Cay Johnston, who has covered Trump's taxes and financial matters for years, appeared on MSNBC on Saturday, where he was …

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 …

Criminal tax evasion complaint filed as Trump heads back to court
8 months, 4 weeks ago

Criminal tax evasion complaint filed as Trump heads back to court

Raw Story  

As Donald Trump heads back to a Manhattan courtroom where he is facing 34 felony counts related to allegedly paying off an adult film star before the 2016 presidential election, a new possible criminal investigation into income tax evasion is rearing its head. In late January, the Daily Beast reported on a "bombshell" report from retired judge Barbara Jones who …

Ex-IRS contractor gets five years in prison for leak of tax return information of Trump, rich people
11 months, 2 weeks ago

Ex-IRS contractor gets five years in prison for leak of tax return information of Trump, rich people

Associated Press  

WASHINGTON — A former contractor for the Internal Revenue Service who pleaded guilty to leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people was sentenced to five years in prison Monday. Charles Edward Littlejohn, 38, of Washington, D.C., gave data to The New York Times and ProPublica between 2018 and 2020 …

'Bombshell' report raises questions about new possible Trump tax evasion: experts
11 months, 2 weeks ago

'Bombshell' report raises questions about new possible Trump tax evasion: experts

Raw Story  

According to a report from the Daily Beast's Roger Sollenberger, a "bombshell" footnote in documents filed by the special monitor appointed by the court in the $370 million Donald Trump financial fraud trial is raising questions about a $50 million Trump loan that may or may not exist. According to the report, former federal judge Barbara Jones included a "major …

Trump is demanding prosecutors find 'evidence that probably doesn't exist': legal expert
1 year, 1 month ago

Trump is demanding prosecutors find 'evidence that probably doesn't exist': legal expert

Raw Story  

Former President Donald Trump recently made a demand that special counsel Jack Smith turn over evidence as part of the discovery process to help him prove the 2020 election was really "stolen" from him. While such evidence would likely be helpful to Trump at his upcoming election subversion trial, it also is highly unlikely to actually exist since multiple recounts …

Ex-IRS contractor pleads guilty in leak of tax return information of Trump, wealthy people
1 year, 3 months ago

Ex-IRS contractor pleads guilty in leak of tax return information of Trump, wealthy people

Associated Press  

WASHINGTON — A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty to a federal charge Thursday in an agreement with prosecutors. The Justice Department charged Charles Edward Littlejohn, 38, of Washington, D.C., with stealing tax return information and giving …

Trump is still delinquent on his personal financial disclosure: report
1 year, 9 months ago

Trump is still delinquent on his personal financial disclosure: report

Raw Story  

Last month, the Federal Election Commission denied former President Donald Trump another extension on the deadline to file his personal financial disclosures, as part of a legal requirement for his presidential campaign. "The personal financial disclosure will eventually provide the first look at Mr. Trump’s post-presidential businesses, including his holdings in Truth Social, the social media company he helped create," …

Time's up: Election officials order Trump to stop stalling and file his financial disclosures
1 year, 9 months ago

Time's up: Election officials order Trump to stop stalling and file his financial disclosures

Raw Story  

Former President Donald Trump is violating a federal financial disclosure law, and the Federal Election Commission is telling him to comply immediately — or face financial penalties, according to a letter obtained by Raw Story. "As no further extension of time is available, Mr. Trump’s deadline for filing his personal financial disclosure report remains March 15, 2023," acting FEC general …

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 …

Trump used Freedom of Information Act request to slow IRS release of his taxes
1 year, 11 months ago

Trump used Freedom of Information Act request to slow IRS release of his taxes

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 inundated the Internal Revenue Service with …

Trump warns of dire consequences as US House committee releases his tax returns
2 years ago

Trump warns of dire consequences as US House committee releases his tax returns

India Today  

Democrats in Congress released six years of Donald Trump's tax records to the public on Friday, disclosing documents the former president long sought to keep secret and dealing with another setback as he again seeks the White House in 2024. A Democratic-controlled U.S. House of Representatives committee released Trump's redacted returns for 2015 through 2020, capping a multi-year battle between …

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 …

'Absolutely flabbergasted': Questions raised after docs reveal that Trump dodged mandatory audit
2 years ago

'Absolutely flabbergasted': Questions raised after docs reveal that Trump dodged mandatory audit

Raw Story  

The news that former President Donald Trump was not audited during his first two years in office, sidestepping a mandatory White House process, has raised questions if the error was made due to lack of staff or if this was another by-product of the current polarized domestic political landscape. Both the President and Vice President are subject to annual audits, …

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 …

IRS mandatory presidential audit policy goes under spotlight
2 years ago

IRS mandatory presidential audit policy goes under spotlight

Associated Press  

WASHINGTON — An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny after a report published by a congressional panel found the agency failed to perform the mandatory inspection of Donald Trump’s returns until Congress pressed for information about the process. The three-point policy states that individual returns for the president and the …

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 …

Trump tax audits required by IRS were delayed, panel says
2 years ago

Trump tax audits required by IRS were delayed, panel says

Associated Press  

WASHINGTON — The IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency, a congressional panel found on Tuesday, raising questions about statements by the former president and leading members of his administration who claimed he could not release his tax filings because of the ongoing reviews. A report released by the Democratic majority …

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 …

Congressional Panel Publicly Releases Report On Trump's Tax Returns
2 years ago

Congressional Panel Publicly Releases Report On Trump's Tax Returns

Huff Post  

LOADING ERROR LOADING WASHINGTON — The IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency, a congressional panel found on Tuesday, raising questions about statements by the former president and leading members of his administration who claimed he could not release his tax filings because of the ongoing reviews. But the report found …

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 …

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 …

House committee claims victory in battle for Donald Trump’s tax returns
2 years, 5 months ago

House committee claims victory in battle for Donald 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 Members of Congress on the House Ways and Means Committee …

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 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. …

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 …

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 …

Ahead of their 1st debate, Biden releases his tax returns in challenge to Trump
4 years, 3 months ago

Ahead of their 1st debate, Biden releases his tax returns in challenge to Trump

Live Mint  

CLEVELAND: Hours before his first debate with U.S. President Donald Trump, Democratic presidential nominee Joe Biden on Tuesday released his 2019 tax returns and his campaign called on Trump, who has come under fire for not releasing his returns, to do the same. Biden, due to share the stage with his Republican opponent on Tuesday evening in Cleveland, Ohio, took …

'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 …

Trump Blasts Bombshell Report On His $750 U.S. Tax Bills As 'Fake News'
4 years, 3 months ago

Trump Blasts Bombshell Report On His $750 U.S. Tax Bills As 'Fake News'

Huff Post  

LOADING ERROR LOADING President Donald Trump slammed The New York Times’ shocking report Sunday that he paid just $750 in federal income taxes in both 2016 and 2017 as “fake news.” “It’s fake news, totally fake news, made up,” he said at a White House news conference when asked about the detailed investigative report on his tax records. pic.twitter.com/be15BS005Z — …

Trump paid just $750 in federal income tax in 2016, says media report
4 years, 3 months ago

Trump paid just $750 in federal income tax in 2016, says media report

The Hindu  

President Donald Trump paid extremely little in income taxes in recent years as heavy losses from his business enterprises offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing tax-return data. The Times reported that Mr. Trump, who is seeking re-election in November, paid just $750 in federal income taxes in both 2016 and …

DA seeking Trump’s taxes cites ‘mountain’ of allegations
4 years, 3 months ago

DA seeking Trump’s taxes cites ‘mountain’ of allegations

Associated Press  

NEW YORK — The Manhattan district attorney’s office told a federal appeals court Monday that its quest to gain access to President Donald Trump’s tax returns is supported by “a mountainous record” of public allegations of misconduct. The president and Manhattan District Attorney Cyrus Vance Jr. have been battling for more than a year over a subpoena sent to Trump’s …

Court shields Trump tax returns, likely until after election
4 years, 4 months ago

Court shields Trump tax returns, likely until after election

Associated Press  

NEW YORK — A federal appeals court Tuesday granted President Donald Trump a temporary reprieve in the long-running fight over his tax returns, barring Manhattan’s top prosecutor from getting the records while Trump’s lawyers embark on another bid to overturn the subpoena seeking them. Trump’s lawyers argued that a stay keeping the tax returns under wraps will protect him from …

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, …

No peeking, voters: Court keeps Trump taxes private for now
4 years, 6 months ago

No peeking, voters: Court keeps Trump taxes private for now

Associated Press  

WASHINGTON — Rejecting President Donald Trump’s complaints that he’s being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor’s demands for the billionaire president’s tax records. Trump’s two high court appointees, Justices Neil Gorsuch and Brett Kavanaugh, joined the majority in both cases along with Chief Justice John Roberts and the four liberal justices. Promising to …

Trump lashes out with distractions and disinformation
4 years, 7 months ago

Trump lashes out with distractions and disinformation

LA Times  

President Trump during a meeting Monday in the Cabinet Room of the White House. “But his history of making baseless, conspiratorial claims — whether it’s Obama’s birth certificate, linking Ted Cruz’s family to the Kennedy assassination or now Obamagate — is striking for its scale and frequency.” Critics said Trump’s messaging was particularly destructive as Americans struggle with the pandemic, …

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