IRS says there is no rule against releases tax returns during an audit

[saintmichaeldefendthem]

New York Times (9-21-2016):

Mr. Trump has offered nothing but fallacious excuses for keeping his returns secret. Initially, he said he would not release returns until the Internal Revenue Service completed an ongoing audit; the agency said there’s no rule stopping disclosure during an audit. Recently, one of his sons said the returns are so long and complex that people would ask too many questions if they were allowed to see them.

http://www.nytimes.com/2016/09/21/opinion/mr-trumps-stupid-excuses-on-taxes.html

True. The IRS doesn't care what you do with your copy of your tax return. Since Trump has so many businesses, deductions and apparently some questionable activities since he's always being audited, the media would have a field day with it which is why he's not going to release it.

Trump only releases positive information about his business dealing. It's a privately held business so he can do just that. It would be interesting see what would happen if the media had as much information about Trump's dealings as we have about Hillary.

Why would Trump release his returns since scumbag Harry Reid LIED on the Senate floor to avoid a lawsuit for defamation about Romney's taxes? Reid even admitted he lied on national TV stating...We won, didn't we!!!!

Harry Reid is not running for president.

Even that office couldn't keep him safe from mafia enforcers.

 

[Vigilante]

New York Times (9-21-2016):

Mr. Trump has offered nothing but fallacious excuses for keeping his returns secret. Initially, he said he would not release returns until the Internal Revenue Service completed an ongoing audit; the agency said there’s no rule stopping disclosure during an audit. Recently, one of his sons said the returns are so long and complex that people would ask too many questions if they were allowed to see them.

http://www.nytimes.com/2016/09/21/opinion/mr-trumps-stupid-excuses-on-taxes.html

True. The IRS doesn't care what you do with your copy of your tax return. Since Trump has so many businesses, deductions and apparently some questionable activities since he's always being audited, the media would have a field day with it which is why he's not going to release it.

Trump only releases positive information about his business dealing. It's a privately held business so he can do just that. It would be interesting see what would happen if the media had as much information about Trump's dealings as we have about Hillary.

Why would Trump release his returns since scumbag Harry Reid LIED on the Senate floor to avoid a lawsuit for defamation about Romney's taxes? Reid even admitted he lied on national TV stating...We won, didn't we!!!!

Harry Reid is not running for president.

No, he's just another liberal scumbag that the press will quote as he lies with immunity!

 

[LeftofLeft]

New York Times (9-21-2016):

Mr. Trump has offered nothing but fallacious excuses for keeping his returns secret. Initially, he said he would not release returns until the Internal Revenue Service completed an ongoing audit; the agency said there’s no rule stopping disclosure during an audit. Recently, one of his sons said the returns are so long and complex that people would ask too many questions if they were allowed to see them.

http://www.nytimes.com/2016/09/21/opinion/mr-trumps-stupid-excuses-on-taxes.html

Lois Lerner

 

[blackhawk]

Ok there is no rule against releasing tax returns during an audit there is also no law requiring anyone including people running for President to release tax returns.

 

[Flopper]

How do you stupid assed liberals have any idea how much Trump paid in taxes? I thought not. More diarrhea of the liberal mouth, always FULL of shit. Why in the world would he release tax returns before the end of an audit, until an audit is finished not a damn soul on earth knows how much the IRS will take and any tax return before then would be incorrect, and of course then the liberal lying scum would accuse Trump of LYING about his taxes. Jump off something you know about, hell your knowledge of anything not pumped out by the lie machine of the dnc and the Treasonist they selected for their candidate is ultra limited..

We know this, and we would know more but he'd lose if he released his returns, he doesn't pay his fair share. No rich person does.

Pete, there are tax laws that protect people from unfair taxes. I use them myself. This griping about no rich person pays their share is so amusing. They put more at risk than you can even make in a life time. I was once considered pretty wealthy but lost most of it in the Nazdaq Bubble. Since then although my losses were huge, I was able to deduct what you would consider a sizeable amount immediately and for the rest of my life a very small portion is considered a credit on my taxes. All legal..no longer wealthy, but that's no problem.

They don't put jack-shit at risk. They have the money to lose. Money you can't afford to lose is at risk and if you did that, and you did you dumbshit, you shouldn't have.

Trump should be paying 50%. There's not a chance in hell that he pays even as much as a third of that but the ones cleaning his casinos pay twice what he does. Fair? Fuck no.

You haven't a clue. I haven't any idea how much Trump pays, but when he builds a high rise building, that's a risk, just as the casinos were. Those high rises are offices and apartments and what if he can't fill it with renters or buyers?
Of course the wealthy put their money at risk. You just have to learn about financial wins and losses and stop being so jealous.

Judging from what he has written about his deals, I would stay he risks very little money on his projects. In the New York Hyatt deal, he didn't put up a cent. The Penn Central property, Riverside South which sold for 3 billion was financed almost entirely by foreign investors. Trump says he usually gets 100% to 130% financing on his projects which means there is little financial risks to Trump. His risk is to the Trump brand which Trump says is his most valuable asset.

Trump can pull this off because he's knows a lot about real estate, is an incredible salesman, and is never short of investors. Since the Trump Organization is privatly held by the family, Trump has complete control of information that allows him to promote his successes and downplay his losses. Although the big banks avoid him because of his bankruptcies, foreign investors love him.

 

[Flopper]

Ok there is no rule against releasing tax returns during an audit there is also no law requiring anyone including people running for President to release tax returns.

Correct, no candidate has to release his tax returns. However, if a candidate feels a need to hide what others willing disclose, voters will certainly assume he has something to hide. For Trump, that is probably true. He keeps his finances pretty close to the vest.

His organization is privately owned and thus he has few requirements to report anything to the public. Understandingly he releases information about successes and suppresses failures. Releasing tax returns that Trump says would be thousands of pages could certainly dispute his claims to voters and worst to investors which could lead to legal actions. All in all, it's smart for Trump to hide the details of his financial dealings.