Page 499 - Audit News Today

Did he fight so hard to keep from disclosing them since every presidential candidate and richard nixon when he was under audit have made their tax returns public? and their website that you can go to like the tax history project and see all of these returns. secondly, the irs did not audit trump even though theres a statute requiring this. both biden and obama said they were audited every year. thats misconduct by the current irs commissioner who was a tax lawyer specializing in helping people c...

Theyre made with cash, we would like to see the underlying documents, who were those donations made to. are they legitimate or did he just write in $50,000 here and 50,000 there. >> well, a lot of questions certainly, as these tax returns are public now. thank you so much garrett haake, antonia hylton and susanne craig. i want to now bring in democratic congressman from michigan dan kilde, he serves on the house ways and means committee. congressman, tell us why was it so important to make the...

Sara? >> lauren fox, thank you for all of that. let me now turn to democratic congresswoman judy chu. shes a member of the house ways and means committee that posted these online. welcome to the show. you voted to release these documents on donald trump. why do you think it was important that the public will able to scrutinize these? >> the american public has a right to know what their presidents finances are. the presidency is unique. no one else in the country has the immense power to sign ...

Why he wasnt subjected to that same mandatory audit that every other president goes through. >> yeah, so obviously there could be a political cost to this. donald trump already fund-raising off the release. playing himself out to be the victim here. i feel as though many voters kind of already have made up their minds about donald trump as it relates to something like his taxes and the lack of disclosing those tax returns. does this move the ball at all in terms of his 2024 bid? >> it depends wh...

ATLANTA -- Georgia’s Research & Development Tax Credit has not been a good investment when it comes to quantifiable dollars and cents, according to a new audit.

They have been very annoyed that this was coming out even though the supreme court agreed that they could be released. what do you say to republicans who say, look, the tax returns didnt need to go public? that is not going to fix the audit for example, program that did not do its job apparently. >> well, first of all, every president since nixon has released their tax returns. trump was the only one that did not do that, but that actually was not the sole reason for us to release his tax return...

Immediately today and ill read you part of it. the great usa divide will grow worse and the radical left has weaponized everything and that is a dangerous two-way street and hes already called on house republicans when they take over to start looking into bidens finances as well as his familys finances. >> kristin holmes, appreciate you breaking that down for us. thank you very much. with me now is catherine rampell, and a opinion columnist for "the washington post." and great to see you. so s...

He claimed he was a great businessman, leading up to his election. but what this shows is that he had mammoth business losses. in fact, in that year 2016, which you show him paying $750, he said that he made $30 million but actually had a business loss of $60 million. this was a carryover of a net operating loss. this was something that was not investigated by the irs. trump was able to manipulate the tax system in order to pay very, very little over his presidency. this should have been investi...

Way, those of us who are not account tantants can understands worth note hough the committee got its hands on these returns in the first place. its the end result of an investigation into a irs policy that mandates audits of returns filed by presidents and vice presidents. from nbcs reporting on this story, "the committee found that the irs had largely not followed its own internal requirements. beginning to examine trumps returns only after the house panel inquired about the process, just one y...

>> russ, when you look at it, other than taking away his bragging rights, is there anything that confirms the claim he made over and over again that the reason he couldnt release his taxes while he was a candidate for the presidency was because of an audit? >> yeah, thats a great question. i mean, you dont see that in the report that the house ways and means committee released. what they assert is that the presidential mandatory audit policy was not followed during his presidency. that seems tru...