Page 7 - State Returns News Today

Federal returns and on state returns, and it wasnt legal expenses. >> no. and im sure that there are many, many examples like that where they have taken personal expenses, inappropriate expenses and used them on the tax returns. and as a general rule, given the way donald operates, weisselberg may do minor things on his own, but anything sensitive like this, hes going to deal directly with either an instruction from donald or a discussion with donald, which means that not only do you have a tax ...

Money be paid to michael cohen, the money for stormy daniels, the $130,000 that michael cohen laid out for stormy daniels. weissle berg orders it paid to michael cohen and paid in an amount that michael cohen will be restored a full $130,000 after he pays income taxes on the reimbursement money. so that ended up being $420,000 because they threw it in $60,000 bonus. he says to put this down as legal expenses in the bookkeeping, and that means they took it as a tax deduction on federal returns an...

Bookkeeping, and that means they took it as a tax deduction on federal returns and on state returns, and it wasnt legal expenses. >> no. and im sure that there are many, many examples like that where they have taken personal expenses, inappropriate expenses and used them on the tax returns. and as a general rule, given the way donald operates, weissle berg may do minor things on his own, but anything sensitive like this, hes going to deal directly with instruction from donald or a discussion wit...

Allegedly reimbursed cohen for the stormy daniels payment through the trump organization marking it down as a legal expense. wiselbergs immunity deal is only for the federal case. this situation could lead to state charges. the a.p. also reporting that new yorks attorney general has requested a criminal referral from the state tax department, which subpoenas cohen the day after he admitted to evading federal taxes. the question is if cohen evaded his state returns as well, shep. >> shepard: ther...

Mislabelled the case so it effectively got lost in the files for years until after trump had sold off his shares at the hotel at which point another clerk came across the mislabelled case in the files and resurrected it so the two sides could ultimately reach an undisclosed selgsment years later, once trump was out of the picture. it was just a disaster. if you are wondering why, now as an american citizen, if you are wondering why, as president donald trump is behaving strangely when it coming ...

The public. a city clerk then conveniently mislabelled the case so it effectively got lost in the files for years until after trump had sold off his shares at the hotel at which point another clerk came across the mislabelled case in the files and resurrected it so the two sides could ultimately reach an undisclosed selgsment years later, once trump was out of the picture. it was just a disaster. if you are wondering why, now as an american citizen, if you are wondering why, as president donald ...

Officials state returns has no name. >> unlike, just to get clear, unlike the ballot bill, youre saying this one would target more than just the presidents returns. >> it targets all statewide officials, governor to controller, attorney general and the lieutenant governor. as a matter of fact, all those officials routinely release their taxes to the public already. >> but not by a legal requirement. >> correct. but this is not a mandate anyhow. you dont have to run for office if you dont want to...

Theres no mandate that they have to provide it. >> so many people talk around it. we need to get to the meat of whats in it to have people understand. thank you so much. good to see you. coming up on cnn, president trump tweeting this morning that hes saving you, the nickels a spending the weekend in new jersey. the administration announcing his first international trips. where the president will be headed. later, president trump has up until now refused to release his tax returns. but there...

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