Search results for "trump taxes"

Tax expert highlights a mysterious red flag in Trump tax returns

One hour after the House Ways and Means Committee released Donald Trump's 2015-2020 taxes to public scrutiny, a tax expert told CNN he was curious about multiple disappearing foreign bank accounts the former president listed up until 2016 that disappeared the following year and since then.

Asked by CNN host Jessica Dean "Could you explain what you would be looking for, that would be a blockbuster revelation beyond what we've learned in bits and pieces or key nuggets that could be gleaned from them?" Steven Rosenthal of the Urban-Brookings Tax Policy Center claimed he had only done a brief perusal and that he had seen so far only focused on foreign business dealings.

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Trump's reported $700 million loss key to proving tax fraud: tax expert

In a podcast interview with Mother Jones, tax guru Steven Rosenthal of the Urban-Brookings Tax Policy Center suggested that there is little in the recently released Donald Trump tax returns that he see as fraught with criminality, but that their release is now inviting scrutiny of a $700 million loss the former president reported in 2009.

Speaking with former Department of Justice official Harry Litman, Rosenthal suggested the only reason that the former president has been allowed to get away with sketchy deductions for decades is that he has overwhelmed the IRS which, curiously, has not pursued him vigorously.

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Trump's tax returns finally released to the public

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 (PDF download), officially releasing the information to the public.

The returns cover years 2015 through 2020, which includes his years in office and his first presidential campaign.

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Trump's taxes are the finishing touch for a 'slam dunk' case in Manhattan over tax fraud: columnist

In a column for the New York Daily News, Donald Trump biographer and business reporter David Cay Johnston claimed that if Manhattan District Attorney Alvin Bragg plans to indict Donald Trump for tax fraud based on what he already has, the former president's recently released taxes filled in all the blanks he needs.

Johnston, who previously reported that he saw "brazen" fraud indicated when he reviewed the documents involving 26 Trump-owned companies that may or may not exist.

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

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.

At issue, he noted, are deductions taken for Trump companies -- some of which may never have existed.

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Trump was forced to pay $8 million more in taxes — by a provision of his own tax cut bill: report

On Friday, The New York Times reported that former President Donald Trump's tax returns suggest he was on the hook for over $8 million extra in taxes — thanks to a provision from his own Tax Cuts and Jobs Act of 2017.

This comes after the House Ways and Means Committee released six years of the former president's taxes — the conclusion of a years-long legal battle in Congress and the courts to obtain and investigate these records.

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Trump Organization sentenced to $1.6 million fine for tax fraud

The Trump Organization was fined $1.6 million Friday after being convicted of running a 15-year tax fraud scheme, according to the Associated Press.

Company subsidiaries Trump Corp. and Trump Payroll Corp. were convicted last year of 17 counts, including criminal tax fraud, conspiracy and falsifying business records. Friday's sentencing by a New York judge does not directly impact former President Donald Trump, who was at the reins of the business for much of the time that the fraud was going on.

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

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."

It turns out that the man who once claimed in a presidential debate that not paying any taxes made him "smart" was right about that. The IRS is stupid, or at least lazy and incompetent. It let Donald Trump off the hook for years.

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