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Trump's Taxes: Trump argues seeing them would cause Trump irreparable harm.

Integrityrespec said:
It doesn't have to be anything illegal but something the democrats would use as a political tool in the election. The legal deductions he may have taken will be used as an issue by democrats whether they are legal or not.
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Remember what happened to Romney?
 
Mason66 said:
You think the IRS would have missed that?
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It's easy to miss because Trump booked a fraudulent loan in the place of the one forgiven. Examining the hotel doesn't uncover that fraud - they'd have to audit the LLC holding only the loan, and in a complex return like a hotel, it's easy to see them passing over a full examination of what looks normal to the uninformed person. From year to year the $150 million loan went to....$100 million on paper, and they'll see a payment of $50 million, so it balances. In reality it went to zero but he didn't book that. That's what tax fraud looks like and people get away with it all the time.
 
Mason66 said:
You think the IRS would have missed that?
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Depends doesn't it. Maybe they did catch it and that is why Trump doesn't want the returns made public. I don't believe it is common practice for the IRS to announce when someone messes up on their returns. That information is private between the IRS and the individual.
 
mike2810 said:
Depends doesn't it. Maybe they did catch it and that is why Trump doesn't want the returns made public. I don't believe it is common practice for the IRS to announce when someone messes up on their returns. That information is private between the IRS and the individual.
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If IRS adjusts a return, they alert state taxing authorities to the change.
 
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