This is Trump trolling them once again; and every time, they fall for it.
There’s nothing in those tax returns of note. Like most large organizations; especially organizations which have been as high-profile as Trump’s; there are IRS auditors present 12 months per year, every year.
I do this for a living, and Fortune 500 companies in fact have offices set aside just for auditors; financial, IRS, Sales Tax, and otherwise, at their headquarters wherever the accounting records are available. I would guess the Trump Organization companies have similar accommodations.
The auditors are there so frequently; the corporate staff know them by name and share the coffee pot in the lunchroom.
Trump’s personal returns are also eternally under audit since he is/has been an officer of all of the Trump organization companies; an audit of the personal returns of the named corporate officers is required when a corporation is being audited.
My guess is that these returns are some of the cleanest returns out there. Are there audit adjustments? - Sure. The tax auditors aren’t allowed to finish the audit without an adjustment. 95%+ IRS audit adjustments are technical or computational in nature and there is zero indication of fraud.
Trump will hold out to the bitter end on releasing the returns; and if there ever are returns released, there will be no “there” there. Count on it.
Thanks for the info. Some folks don’t know how this works in BIG companies. Same thing we dealt with in my career with govt auditors always on hand to ensure contractual requirements were met.