Showing posts with label tax returns. Show all posts
Showing posts with label tax returns. Show all posts

Wednesday, May 20, 2026

Justice Department expands Trump settlement to cover his tax audits - POLITICO

However, a one-page document posted on the DOJ website early Tuesday includes a sweeping release under which the IRS is “forever barred and precluded” from pursuing “examinations” of Trump, “related or affiliated individuals,” and related trusts and businesses.  

The waiver specifically encompasses “tax returns filed before the effective date” of the settlement, which was Monday… 

John Koskinen, the former IRS commissioner from 2013 to 2017, said the expanded settlement set a “terrible precedent” that could effectively generate a windfall for Trump.“It makes you wonder what the President has to hide in those tax returns. He’s apparently been actively trading in the stock market and, since he knows a lot more about situations than the average investor, he’s probably generated significant taxable earnings,” he said in an emailed statement. “Not auditing his returns is the same as giving him an easy way to, in effect, receive money from the government.”…

https://www.politico.com/news/2026/05/19/trump-irs-settlement-tax-returns-00927911 


Monday, March 3, 2025

Musk's DOGE fires federal tech team that built free tax-filing site | Reuters

First launched in 2014 under former President Barack Obama, the 18F team was housed within GSA and helped federal agencies improve their digital services. It was tasked with improving federal website accessibility, modernizing technology, enhancing data access, and making the government's customer service experience more user-friendly…

Wednesday, January 4, 2023

"Brazen": David Cay Johnston on How Trump's Tax Returns Show He Defrauded U.S. & Enriched Himself - YouTube

Six years of Donald Trump's tax returns were released by a House committee on Friday after a years-long legal battle by the former president to keep them sealed. Early revelations include the finding that Trump paid just $750 in federal income tax during his first year in office in 2017, and he paid no tax in 2020. 

The newly released tax records give a long-overdue glimpse of Trump's personal and business finances, which he refused to disclose during the 2016 presidential election, breaking with decades of precedent. Pulitzer Prize-winning investigative reporter David Cay Johnston, who has covered Trump for decades, says the new documents show "absolutely brazen" tax fraud. "Donald Trump has been a criminal his whole life," says Johnston…

Sunday, January 1, 2023

Trump’s Taxes Are the Best Case Yet for Putting Him in Prison

Perhaps most glaring in the tax returns is that they include 26 Trump businesses—or imaginary businesses—with zero revenue and hundreds of thousands of dollars in tax deductions for expenses. Unless Trump can produce records showing the expenses are real and meet other standards to be deductible, that's fraud…


Saturday, December 31, 2022

Donald Trump tax returns released by Congress Friday miss this important information

Friday's release of former President Donald Trump's tax returns from his four years in the White House and two years prior is an important and long overdue public service. It ensures the continuation of the half-century-long tradition of Oval Office transparency in which Americans are able to review their commander in chief's taxes. It also ensures that legal wrangling over more than three-and-a-half years couldn't keep the Democrats on the House Ways and Means Committee from obtaining the tax documents guaranteed to them under federal law...


Trump tax returns: Business racked up millions in losses

As an outsider candidate, part of Trump's appeal hinged on perceptions about his private sector acumen, earned through decades operating in New York's rough-and-tumble world of real estate. Friday's disclosures call into question his carefully-cultivated image as a savvy business magnate...


Sunday, December 25, 2022

Republicans calling Trump’s tax returns ‘private’ don’t understand privacy

The norm that presidential candidates release their tax returns is not about citizens' nosiness, but their rightful concerns that powerful beings might be beholden to corporations and foreign powers – all red flags in Trump's case in particular, of course...
https://www.theguardian.com/commentisfree/2022/dec/24/republicans-calling-trumps-tax-returns-private-dont-understand-privacy


Friday, December 23, 2022

Five red flags in Trump's taxes - POLITICO

The Joint Committee on Taxation says in a report released this week by Democrats that there are multiple issues that the IRS should be examining...


Opinion: Two surprising takes from Trump's tax returns | CNN

Surprise number two is that the IRS did nothing. At all. And this notwithstanding the fact that the Internal Revenue Manual, or IRM, contains a policy, in place since 1977, that the "[i]ndividual income tax returns for the President and Vice President are subject to mandatory examinations." But the IRS did not do any examination of Trump's tax returns until after the Democrats took control of the House, and Ways and Means Committee Chair Richard Neal sent a request on April 3, 2019…


Thursday, December 22, 2022

Trump’s Taxes: Red Flags, Big Losses and a Windfall From His Father - The New York Times

The presidency of Donald J. Trump, a congressional report reveals, was marked by some of the same questionable tax maneuvers that had characterized his business career...


I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump - The New York Times

The committee's discovery that the I.R.S. flouted its rules is bringing new scrutiny to concerns about potential politicization at the I.R.S. during the Trump administration and spurring calls for the inspector general that oversees the agency to investigate what went wrong. It has also raised questions about why the I.R.S. devoted so few resources to auditing Mr. Trump, who, as a business mogul, had far more complicated tax filings than any previous president...


Opinion | Tax records release reveals scandals about Trump and the IRS - The Washington Post

An accompanying report from the Joint Committee on Taxation, summarizing Mr. Trump's returns, raises questions about several deductions he's claimed. For example, he took a $21.1 million deduction in 2015 for donating 158 acres of real estate but had no qualified appraisal for the land. He also reported making cash donations of more than $500,000 in 2018 and 2019 without substantiation, according to the report...


Records show IRS ignored rule, delayed audit of Trump’s finances

The committee set out to scrutinize the IRS's presidential audit program and it found a problem with the IRS's presidential audit program. 

"The tax forms were really never audited," Neal said during a news conference after the vote, "and only my sending a letter at one point, prompted sort of a rear-view response,"...

Trump tax returns will be made public, US House panel votes - BBC News

The returns could offer a first-hand look into Mr Trump's finances, including his assets, sources of income, charitable contributions and liabilities, including the possibility of loans owed to foreign entities...


Wednesday, November 2, 2022

Chief Justice Roberts temporarily delays release of Trump tax records - The Washington Post

"While it is possible that Congress may attempt to threaten the sitting President with an invasive request after leaving office, every President takes office knowing that he will be subject to the same laws as all other citizens upon leaving office," the court's order said. "This is a feature of our democratic republic, not a bug."…









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