Page 511 - Audit News Today

Codify this in law to strengthen the mandatory audit program then an examination of those tax returns. that is why it was so important. we felt that they needed to be forwarded to the house of representatives which, makes them public in -- step. >> i have to ask, have no idea what the answer to this is, trumps tax returns with such an objective debate. there were so much in the news media. how did the irs to forget they had a mandatory audit of the presidential tax returns? is there politics inv...

UPMC should be paying taxes on $32 million of parking lots currently marked tax-exempt, argues O'Hara Township's municipal auditor.

Claimed when they see the returns. >> the tax returns are notoriously difficult to understand, is there some methodology that you and your committee are using to bring this forward that makes it clear to the average viewer, reader, listener what donald trump did that was incorrect? >> yes, the report, i just wanna be clear. the trump committee on taxation does point out that he violated the law, what it does point out is that there are, the audit, if it had been conducted wouldve raised flags an...

And it will also include some trump tax returns. >> and is that -- were going to get sort of one thing, an executive summary, attachments, and some of the tax returns, thats going to be it. were not also going to get all the tax returns, just to be very clear here? >> you will get all of the tax returns that the supreme court and the lower courts said that mr. neals request could get. you will get all of those. that may be delayed for a few days only to permit time to redact things like social s...

Of 2021. now, the committee goes onto say that in that investigation that the white house even in 2018, the white house press secretary contended that donald trump was under a mandatory presidential audit, but he was not at that time. now, they go into some -- concerns they have which was just a legislative response in fixing what they see are problems with this audit program. now, on the separate analysis over his tax returns were still pouring through it. its a very technical analysis looking ...

Returns, not one single audit was complete. and it did not start and target program until after they sent a letter april 3rd of 2019. so this is something that the american people should care about. the american people want to know if the president of the united states is making decisions based on their interests, or the presidents only financial self interests. and thats what it comes down to. why are you making these decisions? the other program is supposed to help people ensure that they are ...

Taxes. the reason the committee wanted trumps taxes in the first place was to make sure that the irs was handling them properly. in 1977, after the nixon tax scandal, congress passed a law requiring all presidents to have their taxes undergo a mandatory audit by the irs. we now know that when president trump became president trump that somehow, that audit, didnt happen. >> in the case of the trump years, there was only one time when the mandatory audit was triggered. that was when chairman -- wr...

>> this will be a key take away in the debate going forward. presidents are required to go under a mandatory audit after they take the oath of office. according to the committee that did not happen with donald trump. in fact, they say in april 2019 donald trump was -- an audit began over donald trumps returns, and that only began they believe because the chairman of the committee richie neil who you just saw sent a letter to the irs at that exact time, april 2019 asking about those tax returns. ...

Ended. in georgia, a criminal inquiry is focused on trumps push to have the election results altered there. in new york, the attorney general is suing him for fraud. and earlier this month, a jury in new york found the trump organization guilty of all charges in a sweeping 15-year tax fraud scheme that prosecutors said was orchestrated by top executives at his company. and trump is about to take a hit on that one thing, the thing he is most sensitive about and shifty about, too, his tax returns....

Administration. its upsetting as a taxpayer and a citizen. you wouldve hoped they had done. it i dont know why they did not. maybe they dont have enough staff to dedicate to it. you think they would have a team of people that could do it. you know, maybe there was an order on high not to do. it we dont know. but i just, you know, its shocking but not shocking, is i guess what im saying on that. but it is interesting that the other audit that we learned about when we did the story in 2020, when w...