Posted on 06/16/2021 5:43:30 PM PDT by GrandJediMasterYoda
Trump Executive Could Face Charges as Soon as This Summer
The Manhattan district attorney’s office appears to have entered the final stages of a criminal tax investigation into Donald J. Trump’s long-serving chief financial officer, Allen H. Weisselberg, setting up the possibility he could face charges this summer, according to people with knowledge of the matter.
In recent weeks, a grand jury has been hearing evidence about Mr. Weisselberg, who is facing intense scrutiny from prosecutors as they seek his cooperation with a broader investigation into Mr. Trump and the Trump Organization, the people with knowledge of the matter said. The prosecutors have obtained Mr. Weisselberg’s personal tax returns, the people said, providing the fullest picture yet of his finances.
Even as the investigation has heated up, it remains unclear whether the prosecutors will seek an indictment of Mr. Weisselberg, which would mark the first criminal charges stemming from the long-running financial fraud investigation into Mr. Trump and his family company.
(Excerpt) Read more at dnyuz.com ...
No, I am not an attorney. In a well run country that follows laws probably not. These people want to destroy Trump and they will damage anywone close to him to do that. If they think they can get away with it in their jurisdiction they will probably try.
It is hard for me to imagine just how corrupt these people are, on every level, from the county all the way to the top, and the threat he posed to them.
Their hatred for him is beyond comprehension.
"Unclear" means TRY HARDER Weisselberg to conjure up dirt on Trump or else.
Yes
Check your letter. Its probably on an unpaid balance due rather than a new assessment. (10 years for collection of balance due rather than assessment of additional tax IIRC.)
lite reading!
https://www.irs.gov/irm/part25/irm_25-006-001r
25.6.1.2 (10-01-2001)
What is a Statute of Limitation
A statute of limitation is a time period established by law to review, analyze and resolve taxpayer and/or IRS tax related issues.
The Internal Revenue Code (IRC) requires that the Internal Revenue Service (IRS) will assess, refund, credit, and collect taxes within specific time limits. These limits are known as the Statutes of Limitations. When they expire, the IRS can no longer assess additional tax, allow a claim for refund by the taxpayer, or take collection action. The determination of Statute expiration differs for Assessment, Refund, and Collection.
“General Assessment Period
The general rule is that the assessment of tax must be made within three years after the return is filed. See IRC § 6501(a).”
25.6.1.9.5.3 (09-20-2016)
25% Omission
The tax may be assessed within six years after the original return was filed (IRC Section 6501(e)), if the taxpayer omits:
More than 25% of the gross income reported on original Form 1040, 1041, 1042,1120, 990-C, 990-T or 990-PF (IRC Section 6501(e)(1)(A)(i))
More than $5,000 in income attributable to foreign financial assets required to be reported on Form 8938 (disregarding the dollar reporting threshold), regardless of whether or not the specified foreign financial assets are reported on Form 8938 or another IRS form per IRC Section 6501(e)(1)(A)(ii) (the Form 8938, Statement of Foreign Financial Assets reporting requirement applies only to tax years beginning after March 18, 2010)
More than 25% of tax on original Form 720 and Form 5330 for excise tax (IRC Section 6501(e)(3))
Includable items in excess of 25% of the gross estate on original Form 706 (IRC Section 6501(e)(2))
Gifts in excess of 25% of the total gifts on original Form 709 (IRC Section 6501(e)(2))...
etc.
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