Page 509 - Audit News Today

We have the senate finance committee, staff always regarded as the kind of high level of the game. even wiser and capable of more expertise looking at these things than normal committee staff. are the committee staff are the best there is. there is just an even higher level than that. what have you found in the joint tax committee specific analysis of these tax returns? >> they have had to do an analysis in a very short period of time, basically since thanksgiving. and they identified about ten ...

You have no chance of getting audit. and as steve pointed out today, in our get together. the democratic caucus on the committee, the chances of being audited, if you claim the earned income tax credit are far better than being audited for people at the very top of the economic system. so we, as i noted we made it through those substantial court decisions. they require patients. and let me say something, a personal note. this was never about being punitive. it was never about being malicious. i ...

Just tonight alone about these new developments. >> i found it just starkly alarming that the presidential audit that is supposed to happen of every president appears to not have happened to this president the first couple of years he was in office if i understand what some of the congressman were saying correctly. thats really alarming. weve never had a president write a more complicated financial picture than donald trump. it has to be the best case for why such an audit should exist, and they...

That they found some specific issues that they found should have warranted further auditors, maybe that information was not further coming to them on, and that includes some of the things that you mentioned, including charitable contributions where there are certain as the actions that were supported, by required documentation or whether more was necessary, on reimbursing business expenses and illegitimacy -- and also this question of why the loans made to the former presidents children were loa...

Two days later, december 26th, the secret service got another tip. this time, about the proud boys plan to literally kill people during unarmed march in d. c.. the informant then added, please, please take this tip seriously. three days later, on december 29th, the secret service held an intelligence briefing where it concluded present trump supporters have proposed a movement to occupy capitol hill on january 6th. it does not get much clearer than that. the secret service in other intelligence ...

Report as well. theres a lot to be learned. its very dense material. what else are you learning from this actual report, aside from what speaker pelosi intends to do to codify some of the shortcomings were talking about? >> yeah, theres two separate reports. theres one in the committees investigation about that annual audit program. this was the one congressman kildee with discussing what you just, out where they found efficiencies in that program. they also showed that in 2018, the white house ...

Moments may take days to get more information so i am wondering what do you think so far of what we have learned just tonight alone about these new developments? i >> found it starkly alarming that the presidential audit that was supposed to happen appears to have not happened with this president for the first couple of years he was in office. -- saying correctly. it is really alarming, we have never had a president with more complicated financial situations than donald trump, he has to be the b...

Review. richie neal had a suspicion that program was not operating as it should. that donald trump being the first president in 40 years to conceal his tax returns in his presidential campaign could be unduly influencing that program. and richie neal concludes after viewing the tax returns that is precisely what happened. neal says, quote, we know now the first mandatory audit was open two years in his presidency. in other words, his review found out the previous administration, the trump admini...

Presidential audit program that the irs was supposed to do on sitting presidents. and how that was done when donald trump was president. another one is an analysis by the nonpartisan joint committee on taxation looking at six years of donald trumps tax returns as well as tax returns from his businesses. now, in the investigation into the irs mandatory audit program, the committee finds that it was not working, it was dormant as they say at best and concerning during the trump administration. the...

On his businesses. this audit issue is interesting. i want to bring out the presidential audit in the audit that we found out it was against -- could cost him in excess of $100 million. we learned today but that audit we started in 2009. its still open it sounds like. then there is the regular presidential audits that are supposed to be done that werent done. i have to say from the least shocking things ive heard today, but it is sort of surprising that they werent even bothering to do it. -- >>...