This case concerns whether Weisselberg and other Trump employees evaded paying income taxes on nonwage compensation received from the Trump Organization.
In the case of Weisselberg, the nonwage compensation included: leased Mercedes-Benzes, an apartment on Manhattan’s Upper West Side, as well as tuition for private schools for his grandchildren.
Weisselberg worked for the Trump Organization for over 50 years, having begun his career working for Trump’s father. Weisselberg, as the saying goes, is like a family member. So you can appreciate how it might seem like a shady area of existing and current tax law regarding whether these nonwage benefits are taxable as ordinary income under the current Tax Code.
And keep in mind, of the Tax Code, even for accountants and tax lawyers, is so ridiculously complex and contradictory that it has been shown time and time again that if you were to line up five experienced CPAs and five expert tax attorneys and asked them each to calculate the taxes owed on a moderately complex income tax return, you’d get ten different answers.
The other question is this — have the Feds ever targetted any other executives on this same charges other than those of the Trump Organization? If so, I’d like to see a few examples. If not, why not?
if the company is paying personal expenses it is compensation
business expenses are not