Where are Donald's Tax Returns?

So What do you think American's should know about a candidate before electing him or her to the most powerful position in the world?

 

So His return is inaccurate or incomplete. Well that tells us something about the self proclaimed ruler of the universe.

 

The Clinton Foundation is doing some good work. Their actual donation proportion is more than 10%, which is far more than Trump has ever given.

 

I still don't care. In fact, I hope that he used every single legal tax shelter possible and paid ZERO.

 

Now that is just no fair. Look at the millions he raised for veterans and actually did finally cough up after public pressure forced him to actually do what he promised.

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Except that he probably paid zero because he didn't make any money and that would blow his claim of being the God of business.

 

The celebrity entertainer's political self-promotion has been predicated on his alleged financial acumen.

Why is he so desperate to hide the documents that would attest to his business prowess, his equitable participation in sharing the fiscal responsibilities of patriotic Americans, and his highly-touted charitable largesse?

No bluster could establish the boasts of the media personality as assuredly as his conforming to the traditional release of tax returns, and dispel the musings of some, such as the GOP's 2012 nominee, about his furtively concealing what would constitute a "bombshell"?

Trump has the opportunity and the responsibility to come clean with the American electorate and remove all doubts.

 

Exactly why he can't release his returns!

 

Did not need his tax returns to prove that. America has Trump University.

 

Since, as Romney has noted, his allegedly being audited is not a valid excuse (Nixon released his during an audit), so one might reasonably infer they would expose truths he would prefer to conceal, and his adamance in hiding those facts is commensurate with their adverse potential.

He could always claim that Mexicans have infiltrated the IRS and falsified his returns, I suppose.

 

Yes because he is being audited, as a matter of course, and therefore until that is finished and the IRS says it is now completed and accurate it is not his accepted return. Are you really this clueless as to how it works?
Have you never filed taxes and then waited for notification it was accepted by the IRS.

So again what are salivating over thinking you will find it in and are so desperate you want his unaccepted filing?

 

Sure its a valid reason, it is not final yet and I have no doubt there will be negotiated changes before it is final and accepted. Have you ever been through an audit either personal or business?

 

Yes, why would anyone not want the transparency? I like what Rep. Pelosi said of leaders not willing to release tax returns: unfit for even a cabinet post.


Or Sen. Reid: Refusal to release tax records makes one unfit to be elected dogcatcher.

When congress persons were asked to release THEIR tax records, only 17 of 535 members did so. Why should only one branch of government be subjected to such scrutiny? I believe congress persons would not want their constituents to learn how wealthy they had become as public "servants"

 

It does seem like a no brainer, but reforming the campaign finance bull (*)(*)(*)(*) system we have is a no brainer too and that will never happen. Why the American people stand for this garbage is mind boggling. Everyone should stay home on election day until it does not take millions to run for office.

 

Trump is entitled to refuse to release his tax records.

If he judges that releasing them would do more damage to his political ambition than hiding them, he'll continue to hide them.

 

We do not need his accepted return. We want what he filed IN GOOD FAITH with the IRS. What he is hiding must be truly awful

 

There must be a citizen of Mexican ancestry employed somewhere in the IRS. Maybe he or she is actually even sending money back to Mexico to support of those rapists and murders.

 

Except that nobody has ever asked that he release his " accepted return" But you get a point for a nice attempt at diversion from the issue, coupled with a rather pathetic attempt to make yourself feel superior.

 

Damage with whom, his supporters will not care.

"There's no legal restriction preventing him from releasing his tax returns, even if he's being audited."

So what, there is a practical and prudent reason, they are NOT finalized yet nor have they been accepted by the IRS yet.

Again what breaking news do you guys expect to find in them not in his financial disclosure forms already filed? And why so desperate to see them when they are not finalized and accepted by the IRS yet?

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It is the only one that will be accurate.

 

He has no tax return until it is accepted and approved by the IRS, he has a filing only. Same as you. Since when did all Presidential candidates release their filings before the IRS accepts and approves them?

Legal Experts Side With Trump; It Would Be Crazy to Release His Taxes During Audit

Donald Trump is not backing down. He is not releasing his taxes until after he says a federal audit is complete. He was pushed on the topic again Friday morning on Good Morning America.

“Almost every lawyer will tell you the same thing, when you are under audit, you finish the audit before you release,” he said.

As George Stephanopoulos pointed out in a rather heated interview, there is technically nothing legally barring Trump from releasing his taxes. The IRS even said in a statement “nothing prevents individuals from sharing their own tax information” during an audit. While Trump has sometimes been quick to say legal experts side with him, on this one, we have to say it is true. Tax attorneys who spoke with LawNewz.com said they would not advise their clients to release taxes in the midst of the audit.

In February when this issue was first brought up by Trump’s Republican opponents, we reached out to high profile tax attorneys and accountants who typically deal with high-net worth individuals. We posed two questions to them: 1) Would you also advise your client NOT to release their returns until after the audit? 2) Do Trump’s statements (above) seem like a plausible explanation to you?

Here are their responses:

Robert Barnes, a Los Angeles based attorney:

“I see some of my colleagues would tell their clients to release their tax returns to the public during an audit. Ask them to name a single client they actually gave that advice to. I think that would be legal malpractice, and would recommend their clients sue them if they gave that advice. I advise my clients (hundreds over the years who actually experience an IRS inquiry) to NEVER release their tax returns while an audit is going on. I am certain Mr. Trump’s lawyers, very capable and well-respected in this field, have advised him not to disclose his tax returns during the audit. There are many reasons for this.

First of all, and most importantly, the IRS is not allowed to show your client’s tax returns to anyone else. Such returns are protected by the privacy laws of section 6103 of Title 26 of the Code. The only way they could do so if your client had a lawyer dumb enough to let you disclose those records publicly. The IRS could then misuse this otherwise private information to make the audit process more difficult at many levels, and could cause problems for other entirely innocent businesses you do business with.

Second, releasing the returns during an audit could cause anyone who has a grievance with you to misuse the released information, and try to intervene in the audit process, for their own personal, financial or political gain. I have been through this several times in other contexts where such records were obtained by people with an interest adverse to my client, which unnecessarily protracted the process as undue expense and harassment of my client.

Third, tax returns usually reveal business strategies that may need revision during the audit process, for which untimely disclosure could unduly hinder and harm, with third parties often the victim as much as the client.”

Robert Kovacev, a Washington D.C. based attorney:

“I would absolutely advise a client not to release returns under audit to the public. Critics could pull certain items on the returns out of context and there would be political pressure on the IRS to scrutinize those items even if they ordinarily wouldn’t be controversial.
Lots of transactions span several tax years so he is also right that one years return may be intertwined with another.”

Robert Mckenzie, a Chicago based attorney:

“I would advise my client that there could be huge risks in releasing complex returns during an audit. Instead of having just an IRS agent review the return it now would be reviewed by thousands of tax experts. The first step his opponents would take would be to assign the best tax accountants and tax lawyers on his team to analyze the returns. In addition, reporters would seek out tax experts to review the returns. (I reviewed Mitt Romney’s, Dennis Santorum’s and Newt Gingrich’s returns last cycle at the request on a national publication.) All the comments would lead the agent to more and more issues. On the other hand the political damage of a failure to release may out weigh the risk of a larger tax deficiency.”

Aaron Nocjar, Washington D.C. based attorney:

“To answer your question, yes, this could be a plausible explanation. In an audit of a particular tax year, prior tax years can be called into question as well. Sometimes tax-related statutes of limitations will prevent such an inquiry (but not always). I imagine that Donald Trump is well advised from a tax perspective, particularly since his business roots are in real estate development.”

Lester Weingarten, New York City based accountant:

“If his return is under audit, I would advise not to release it to the public as there could be an embarrassing upward adjustment or they could “bless” the return by not making any changes which would be an affirmation of the accuracy of the return (or they could make a highly unlikely downward adjustment). Either way, it would not be beneficial to release the return until all was settled. If the return was not under audit, then it is up to him what he wanted to do, but given it is under examination, it would be prudent to wait until the examination has been concluded.

As far as releasing prior years taxes, each year stands on its own. However there could be carry forwards of certain items to the most recent year filed (i.e. 2014). Generally these items would include but are not limited to capital loss carry forwards; net operating loss carry forwards; Investment interest expense carry forwards, passive loss carry forwards, foreign tax credit carry forwards. Given Mr. Trump’s wealth, the most likely carry forwards would be passive loss carry forwards on partnership investments that throw off losses that cannot be used currently as they are deemed passive activities. However we are getting too technical.

As Mr. Trump stated, he has been audited year after year, presumably the audits on prior years have been concluded, therefore those returns, if he so chose, could be released and as stated above, if there was an upward adjustment, an embarrassment, if there was a “no change”, an affirmation. He might have a few years where the audit has not been concluded, so as above, I would recommend they not be released. ”

Laurie B. Kazenoff, New York based attorney:

“I have practiced tax law and tax controversy for 30 years. I worked also for IRS Chief Counsel and have represented many taxpayers in private practice. I firmly believe it shouldn’t matter that Trump is under audit — Trump should disclose his returns. A presidential candidate has to disclose his or her tax returns and is always at risk for audit of that return. That is the whole point. When you file a return, you sign it and are supposed to submit it in good faith and consistent with legal requirements. It’s an admission by you, you are laying out on paper your financial circumstances as they relate to taxes. Whether or not you are under a current audit is irrelevant, because your position would be and should be that your return as filed is accurate and complies with the law. Your signature is in a sense saying that what and how you’ve reported your income and deductions, etc. is entirely legitimate and unquestionably accurate. In spite of the audit, you should be essentially standing by what you submitted as being true and correct. The IRS will not disclose what issues are being examined, but honestly anyone can look at a Presidential Candidate’s return and do their own evaluation of what it contains and whether or not something is questionable. That would happen anyway, even if there was no audit. That’s why the return is made public. If Donald Trump filed his returns accurately, he should disclose them without any excuses. Whether or not he has been, is currently or will be audited in the future is not relevant to the imperative that he should disclose his returns as filed if he wants to become President. I can only surmise that perhaps there indeed is a “bombshell” in there that Mr. Trump doesn’t want anyone to see right now as it will slow his momentum during the primaries. I believe he is using this audit as lame excuse not to disclose the returns he signed and filed.”"
http://lawnewz.com/politics/legal-e...lly-stupid-to-release-his-taxes-during-audit/

 

If the RWNJ echo chamber drops the subject of Hillary's emails, then Hillary's supporters can forget about the tax returns.

Unless anyone expects the RWNJ echo chamber to drop the email obsession, then expect the constant hammering of Trump's tax returns.

The conservative RWNJ echo chamber is just so obsessive and delusional.

Sad and funny at the same time.

 

"Thousands and thousands" of them, acting out of spite for "strong Christians."

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Has the IRA indicated that Trump's current and past returns are all under audit, and why has being under audit not been an excuse for hiding them in the past?


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Is MSNBC part of the RWNJ echo chamber ??

See here --

https://m.youtube.com/watch?v=bkJE0U8Qby4

 

I would like to see the return HE thought was accurate. That would be fine with me.

 

This chart is from the Clinton Foundation tax filing:




How good is 10%? It sucks. Look at any list of the best charities, they spend >85% (most are >90%) of their funding on direct charity activity. Groups that drop below 75% are questionable. 10% is a scam.