1 year ago
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We began today with the investigative team of Russ Buettner, Susanne Craig and Mike McIntire writing for The New York Times about the questions and red flags raised by Number 45’s tax returns, newly released by the House Ways and Means Committee.
The new material, obtained by the House Ways and Means Committee after a yearslong legal battle, raised a multitude of questions about the methods Mr. Trump had employed while president to lower his income taxes, and about failures by the Internal Revenue Service to fully investigate those deductions.
The congressional Joint Committee on Taxation, a bipartisan panel that is known for reviewing the impact of tax legislation and has a staff with deep tax law expertise, reviewed the Trump returns and found dozens of red flags that it believed required further investigation. [...]
The congressional report said the I.R.S. explored whether Mr. Trump correctly deducted the $21 million he had paid to settle a series of fraud claims against the now-defunct Trump University. It was not clear, the report said, whether Mr. Trump had received any insurance proceeds that offset some portion of the settlement. The outcome of that review was not known.
