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Federal returns and on state returns, and it wasn't legal expenses. >> no. and i'm 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, he's 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 crime, many tax crimes, but you are going to have a conspiracy between the two of them. we have v...

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 and on state returns, and it wasn't legal expenses. >> no. and i'm sure that there are many, many exam...

Bookkeeping, and that means they took it as a tax deduction on federal returns and on state returns, and it wasn't legal expenses. >> no. and i'm 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, he's going to deal directly with instruction from donald or a discussion with donald. which means not only do you have a tax crime -- many tax crimes, but you are going to h...

Allegedly reimbursed cohen for the stormy daniels payment through the trump organization marking it down as a legal expense. wiselberg's immunity deal is only for the federal case. this situation could lead to state charges. the a.p. also reporting that new york's attorney general has requested a criminal referral from the state tax department, which subpoena's cohen the day after he admitted to evading federal taxes. the question is if cohen evaded his state returns as well, shep. >> shepard: there's word that the national inquirer kept a lot of this damaging information. the details of the c...

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 to the special counsel investigation, consider that the potential legal exposure of his financial de...