DawgTalkers.net Forums DawgTalk Palus Politicus The IRS failed to do mandatory presidential Audits of trump

https://www.theguardian.com/us-news/2022/dec/21/irs-donald-trump-tax-audit-failure

As the IRS harassed the middle class for back taxes.

I gotta admit, I'm a little confused about all of this. Maybe I have the timing messed up. But hasn't Trump been saying since before he was president that he can't release his tax returns because he was under audit?

Anyone who bothered to check would know that being under audit doesn't mean you can't release your tax returns.. He could have released them at anytime. So how is it that it now comes out that the IRS failed to review his taxes/

This is very weird.

Millions of Americans still haven't figured out that he's a habitual liar.

1. If it's under review/audit it means the numbers can change and they are not finalized.
2. Could he release them? Yes, but, it they would likely change.
3. I wouldn't be surprised if he was misleading people.
4. The IRS finally got Al Capone. I'm sure the same thing will happen to Trump. Some Fed Agency will get him because that's what the govt wants. -not saying they shouldn't.

you crack me up. Nice cover for trump without sounding like it..maybe sort of.

um? I hate Trump.

So... I'm not sure why you would think I would cover for him?

Maybe

What do people expect to find in his tax returns?
Has anyone ever done their own taxes? There is no line where you list all of your laundered money, or list the interest you've earned in offshore hidden accounts.
Lets say his companies are doing some shady stuff. Do you think that would be apparent from a tax return?
This is an obsession and one that doesn't even make sense.

Tax returns are used by creditors when trump was applying for loans. And inflating your worth with creditors is a felony. Not that that matters to the GOP faithful. Besides if the GOP needs to see Hunter Biden’s Dick pics from his laptop. It’s only fair to show us trumps tax return.

Tax Returns do not show a person's net worth or the value of their assets.
Deceiving your creditors might be a felony in some situations, but creditors are more or less responsible for their own due diligence. No reputable lender is ever going to rely on the person asking for a loan what the value of their collateral is.
The way that people are intertwining these different things makes no sense. They are only relevant to each other in the fact that they are both relevant to finance in general.

While I am sure that the media will pick at information from these tax returns and allude to the idea that something illegal has happened and we will go on with this for the next two years, at the end of the day, nothing will happen from it. Because nothing can happen from it.

That's not to say that their is nothing illegal that has happened, but if someone is cooking the books, they are not going to show it in their tax returns.

Then possibly you can explain why trump has spent years in court trying to hide his tax returns from the pubic?

The trump organization has been found guilty as charged on many felony tax fraud charges. To even elude trump did nothing illegal in his personal tax returns is naive. And trump cooking IRS officials into not doing the mandatory audits on his tax returns shows a collusion between the IRS and the WH during his administration. Another felony.

And this . Yes it does. personal tax records and corporate tax records show exactly what’s going on. Unless they lied, and entered false data.

Just Trump being Trump, move along it really should not surprise anyone…

And that’s the problemo…….Murica

He seems to like conflict and divisiveness and thinks it somehow benefits him politically.

No it absolutely does not. You may need records and receipts of your asset values if you are audited and are claiming depreciation or capital losses, but you 100% will not find information about a persons net worth or valuations for most of their assets.

Ain't y'all herd? They're done with Trump and all in on DeSantis now.

Don't disagree with you on the first part.. but tax returns do not show a person's net worth or value of assets... tax returns show income for that year and donations... but they do not in any way show a person's full net worth and assets that they hold... they'll show if someone sold any assets that year... but any assets you don't sell in that year won't be shown in your tax return

Ummm yeah, if you only look at one year …….. year after year personal and corp tax returns show the entire story. Unless someone filed false data to change the story

They can show tax fraud.. I'd have to check, but that might be a felony.. don't know for sure.

Tax returns show where you derived your income (can show where your money came from)

Tax Returns show your charitable expenses (can be checked for truth)

I think it's safe to say that because Trump fought tooth and nail to hide his taxes, he's afraid of something.

like all trumpians….afraid of ”the truth”.

No, a tax return with false data does not show tax fraud. It could be a method by which you commit tax evasion. The IRS has a number of tools by which they can determine if tax evasion is likely to have occured and they follow up using those tools with an audit, which a business or person is required to comply with. The tax audit is how tax evasion is usually caught.
The difference in this case is that Trump was not withholding his tax return from the IRS. If he was, that would have been a crime in itself. He was withholding his tax return from the public, which is not a crime. Another important distinction is that his businesses are required to comply with the IRS audit, but he is not required to a financial audit from anyone else. So, even if his tax return makes you suspicious of his operation, you don't have the right to audit him and require that he produce the records for his business transactions.

It would be extremely difficult to come up with an approximate estimate of the asset values in a company by working backwards from even 20 years of tax returns. Even internally, company balance sheets are highly speculative and companies have to write-down losses in asset values all of the time.

Year to year tax filings tell the complete story if they are filed according to tax law. And no a company balance sheet is not speculative. Unless someone is cooking the books.

So Tax evasion is illegal as well as fraud? They can put you away for either.

Anyway, why did he hide them from the American People,, Whats he afraid of?

So trump paid more foreign taxes than US taxes during his first year as prez. Also the IRS is now reeling from questioning on why trump’s tax returns didn’t get the mandated audit required by law. I smell a rat at the IRS on his knees doing trump.

https://www.businessinsider.com/trump-earned-73-million-foreign-revenue-first-2-years-nyt-2020-9

President Trump earned $73 million in revenue from his interests in foreign countries during the first two years of his presidency alone, according to a New York Times review of Trump's tax returns.
Most of that income came from Trump's golf course and resort properties in Scotland and Ireland, but also from licensing deals with nations including the Philippines, Turkey, and India.
The snapshot of Trump's foreign dealings represents an unprecedented level of foreign business entanglements for a sitting US president.
The new information is likely to spur more discussion over whether he's violated the foreign and domestic emoluments clauses of the constitution.

https://crsreports.congress.gov/product/pdf/IF/IF11086

The Foreign Emoluments Clause (art. I, § 9, cl. 8): “[N]o Person holding any Office of Profit or Trust under [the United States], shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.”
 The Domestic Emoluments Clause (a.k.a. the Presidential Emoluments Clause) (art. II, § 1, cl. 7): “The President shall, at stated Times, receive for his Services, a Compensation which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”

It sounds like he may have been making more money from foreign businesses he may have not been qualified to make in order to gain influence. Somebody grab his laptop!

How could they not be auditing him. It was his mantra about not releasing his returns! Amazing

His special handlers working inside with the IRS told him to say that. They never intended to audit him. And all we hear from the right wingnuts is this is a slippery slope and just wait until the shoe is on the other foot. Lol… every President since Nixon has publicized their tax returns cept 1. GOPers and their lame threats pfft. You Gopers want to make America great again? Try getting our USA tax dollars back from trump and other millionaires and billionaires that steel from us every year.

Just seeing the news this morning, apparently Trump didn't donate his entire salary as President to charity as he pledged to do. Couple that with he seems to have liked about a bank account in China...

I guess his net worth isn't the only thing in question around here.

Yes, where you fill out the amount of your charitable contributions there was nothing entered. Zero. For those still defending this habitual liar I feel sorry for them. Next thing you know they'll own ocean front property in Arizona. And from the looks of things, Santos in New York learned everything he knows from trump.

What's funny., all of us who oppose Trump are finally getting our due. Just about everything we all warned about is coming out in the open. And yet, they still believe him when he flat out lies to them.

And they still don't care. His assertion he could shoot someone on Fifth Ave. and still not lose and votes sounds much more plausible now than when he said it.

Makes you think that the Right is only interested in themselves.

The really sad thing is, if you look at the issues like Abortion, the majority of America is in favor of what we had before the SCOTUS decided to throw a Monkey in the wrench...

But no,, they don't seem to get it.

Your reasoning seems right but still, he had no reason to withhold his tax returns. Especially it's a rule that Presidents MUST get a review anyway. So it really doesn't matter if they need adjusted. NOT even a little bit.

He's a thief/crook/liar.. Get used to it.

We get it.

Most people think of themself. I remember not many years ago you were claiming to be a republican but you wanted health insurance....clearly you looking out for you.

I have healthcare but want all Americans to have healthcare. So what does that mean? Let me guess. That means I'm a communist?

With all this stuff happening, I think there needs to be a provision to audit all congress members immediately, all and any lobbying, donations, for the past 50 years. That's where the real meat is and I want it!!!!!! Personally I think 3/4 of congress should be in jail by tomorrow.

I have a lot of demands. I want a congressional budget audit, balanced budget proposal, and ENTIRE audit of the federal reserve. Why haven't all of the above been done yet?

Sadly lobbying is legal. The people that get the rewards set the rules and it shows. It's nothing more than legalized bribery.

Wait, is there something wrong or illegal about wanting health insurance?

Let me make sure I got this right. The Republican Party is all about personal responsibility. So me wanting to make sure I was covered and willing to pay for it with my own hard earned money makes me a bad guy or a lefty..,

For the record, I was a registered republican since the late 70's. But I've always be a guy that voted for a candidate regardless of party if I thought they were the best choice. For instance, I voted for Carter. Then Reagan, then Bush, then Clinton, then Bush then Obama, then Clinton, then Biden. Of course, I was already a registered Democrat by the time I voted for Hillary.

Honestly, it is out of place to put people down like you just tried with me. Especially when you support a criminal like Trump....