Who Says that Trump's Audit is Routine, or that He Broke No Tax Laws?"

[louis c]

Ya, who says?

Let's look at the facts as we know them. By Donald Trump's own admission, his taxes, for numerous years, are under "routine audit". Why should we take his word that it's "routine"? If he's worth $10 billion, and, as he admitted in the first debate, he's paid no taxes for a number of years, because he's smart, why should everyone concede that he broke no laws?

Whether or not he has broken any tax laws should not be conceded until the audit is complete. Don't you think that if someone lives the life style that Donald Trump leads and pays no taxes for decades, that the IRS audit is more than "routine". Don't you think that the IRS may be suspicious of a non-taxpaying multi-billionaire?

Let's not let Trump or his surrogates get away with saying he hasn't broken any laws. They should be confronted with "how do you know that? Is the audit complete?"

Maybe Trump is no more a genius than Bernie Madoff was.

[asiliveandbreathe]

1. Just a footnote - some research if I may - just sayin'

http://tax.findlaw.com/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html

....snip.....

False, Fraudulent, or Missing Returns: No IRS Statute of Limitations
It is also important to note that no deadline applies where the IRS can establish that a taxpayer has: 1) filed a false or fraudulent return; 2) willfully attempted to evade tax; or 3) failed to file a return. Unlike the circumstances above where tax returns are filed (even with errors), these are cases in which a taxpayer is willfully or intentionally not filing taxes or is filing fraudulent return(s). Not only will there be no time limit on IRS action against such taxpayers, but heightened interest fees and penalties will apply.

Again, not knowing all the facts from 1995 or beyond...just sayin' -

[randr]

2. There is no, zero, zip proof he is under audit

He can produce the IRS Letter of Audit any time.

[louis c]

4. The point is..........

either he's under audit, in which case he may have committed a crime. After all, an IRS audit that spans years and take this much time is really an investigation.

Or, if there is no audit, he's a liar.

By pushing the audit may prove a crime, it paints poor Donald into a corner, doesn't it?

[randr]

6. Where us the audit order?

[louis c]

7. You box him in., politically

Either there's an audit, or there's not.

You can't say that his taxes are legal and we should treat the audit like an investigation into possible fraud.

Isn't it easy for an average voter to assume something's wrong with a guy who makes multiple billions of dollars a year and doesn't pay taxes. No wonder there's an audit. It must be fraud.

don't forget, everyone thought Bernie Madoff was a genius, until the truth came out.

That's the way to paint him.

[unblock]

3. unless they're looking for fraud, only the last 3 years at most are under audit.

so there's nothing keeping him from releasing anything prior to that.

certainly there' no excuse for not releasing his returns from the 90's.


unless there's fraud or even more embarrassing things than have come out already.
which we're entitled to assume until he actually releases them.

[Cicada]

8. The IRS can extend the statute of limitations beyond 3 years

If the 3 years is approaching and the IRS hasn't completed its audit they ask taxpayers to agree to an extension. Taxpayers will usually say yes because the IRS will just say this: ok we will assume the worst, deny all deductions, and assess you a huge amount. Then you can file in Tax Court to prove the IRS is wrong and then the IRS has more time to make its case. Taxpayers have more chances to prevail by presenting evidence before tax court, and then going to tax court if they want a second so it's smart to agree to the extension. Also if there is a net operating loss taxpayers can elect to carry the loss back three years to offset previously paid tax. That in effect keeps the previous 3 years alive too.

[unblock]

9. right -- so it's possible that the last 4 or maybe even 5 years are still under audit.

but surely any audit from the 90's is complete, so, no excuse not to release them.

or rather, any reason he has not to is very damning.

[Cicada]

10. His tax lawyer says years 2010 and earlier are not under audit.

[cheyanne]

5. If money that people gave to his foundation was really income for him for a speech or other good,

then he would have go back and pay taxes on that money.

[BSdetect]

11. So many guilty moves drumph

You are obviously dodging / evading taxes.

Let's see that IRS audit letter - that does not exist.

You are a Madoff type scammer

Yes we will examine your tax returns line by line and find numerous fraud examples.

And you will pay a stiif price indeed.

You are a rat.

[randome]

12. Trump's very big brain said it. What more do you need to know?

[hr][font color="blue"][center]Birds are territorial creatures.
The lyrics to the songbird's melodious trill go something like this:
"Stay out of my territory or I'll PECK YOUR GODDAMNED EYES OUT!"[/center][/font][hr]

[mopinko]

13. i think you can bet that the irs audited this one.

i presume they finished it long ago.
i would love to see the audit report for this year. you know they didnt take that kind of a loss sitting down.

yeah, his returns are audited "routinely" because he cheats "routinely". i am sure he and the irs have a decades long game of cat and mouse going.

anybody stupid enough to believe that audit excuse needs their heads examined. he has never even said WHAT YEARS are supposedly under audit. all of them? come on don.