Trump Tax Write-Offs at His Seven Springs Property Could Be His Legal Downfall
Johnny Milano for The Washington Post, Erin Schaff / Getty Images; Edited: Truthout
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Two separate investigations are looking into whether Donald Trump may have engaged in tax fraud by overvaluing a little-known property owned by the former president and claiming a higher tax deduction on it than what he actually deserved.
Both Manhattan District Attorney Cyrus Vance Jr. and New York Attorney General Letitia James are conducting investigations into the Trump property.
The 50,000-square-foot mansion in Westchester County, New York, built in 1919 by former Federal Reserve Chair Eugene Meyer (who also once owned
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House Democrats reissued a subpoena for former President Donald Trump’s financial records from his accounting firm, continuing their court fight for access to Trump’s tax returns, even though President Biden is in office, and the presiding judge said the battle would continue into June or beyond.
The House Oversight Committee sent a subpoena to Mazars USA in late February, court records show, as Democrats seek business information on the former president. A similar subpoena had been issued in April 2019, with Trump’s lawyers taking the fight to the Supreme Court while he was president, ultimately stymieing efforts by Democrats to get their hands on the Trump Organization’s financials.
Judge Sets June Hearing in Trump’s Effort to Keep Tax Returns Private From House Democrats
A federal judge on Thursday set a hearing date to allow attorneys to present oral arguments over whether former President Donald Trump’s financial records should be handed over to the House Oversight Committee.
This comes after attorneys for each party in the case informed U.S District Court for the District of Columbia Judge Amit Mehta that the Democrat-controlled House panel had reissued a subpoena to Trump’s accounting firm Mazars USA to hand over eight years of financial records involving the former president and his businesses.
House Dems Renew Subpoena for Trumpâs Taxes After SCOTUS Ruling
Former President Donald Trump addresses the Conservative Political Action Conference on February 28, 2021, in Orlando, Florida.
Joe Raedle / Getty Images
The United States House of Representatives Oversight Committee has issued a subpoena order to former President Donald Trumpâs accounting firm, Mazars USA, seeking several years of his tax returns and other financial information, renewing a previous subpoena it had made in 2019 seeking those documents.
The committee is trying to obtain those records in order to demonstrate whether Trump had significant business conflicts of interest when he was in office from 2017 to 2021. The former president infamously refused to divest from his financial interests when he was sworn in more than four years ago.
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