Exactly When is the IRS Tax Deadline?
If you are like me, you've heard a hundred stories about when you taxes are actually due
Stay updated with breaking news from Estate Return. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
If you are like me, you've heard a hundred stories about when you taxes are actually due
Lawmakers in albany, new york, considering two bills that could have a profound affect on president trump. the first one would curb his pardon powers. it would allow state prosecutors to bring direct the state tax returns if requested for a specified and legitimate legislative purpose by congress. joining me is jesse mckinley, let's start with the tax bills first here. we were talking about taxes a few moments ago. help us understand how important there is for the investigations on going. this is something your colleagues were steeped in at the times. we're talking about state taxes. for presi...
Here in new york. and the state department of taxation and finance can actually release his taxes at our request if we change the law. and we plan on doing that. >> at a minimum you'd get the state returns. would that tell you his total income for those years? >> it would indeed. everyone knows that a state return often reflects the federal return. wouldn't show us everything, probably, but we do know it would tell us a lot about tax shelters, how much income he reports, whether he has pass-through entities. most importantly, have some of the federal tax reform that his administration is propo...
Proposing to do that to require all state office holders tax returns be released for five years previous and subsequently moving forward. >> so what kind of information would one see in a state tax return that might be different, because people wanted to see them to see charitable donations, how much he's paid in taxes. what would be indicated? >> i think you will see a lot of what you see in a federal return. anyone who fills out a state return knows a lot of that is copied directly from the federal return. certainly, personal income tax information will be revealed in a state return. whether...