Posted on 11/19/2020 11:18:54 PM PST by knighthawk
Two investigations into Donald Trump’s taxes are now honing in on tax write-offs on consulting fees made by the Trump Organization after the president's daughter Ivanka received about $748,000 in such payments.
At the moment there are two separate New York state fraud investigations, one criminal and one civil, into Trump and his businesses.
Both probes have now been expanded and have issued subpoenas to the Trump Organization in recent weeks for records on those consulting fees and tax deductions, according to a New York Times report published Thursday.
(Excerpt) Read more at dailymail.co.uk ...
Prayers for God’s protection and favor to be on the Trump family and that they withstand every single attack.
>> tax write-offs
Otherwise known as an expense on the P&L statement.
Yet Hunter Biden continues to walk around with no one curious over his overseas job and pay.
This is the proverbial kitchen sink being thrown.
Tax writeoffs? That’s grasping at proverbial straws. This is a common P&L component - hardly illustrative of fraud. If the SDNY tries to hound Trump,it will serve as a call to arms IMO. Selective assassinations may be needed to water the tree of liberty
Lewis is a leftist bitch. Wonder if she got Soros money? Why not, every other commie, black fascist and Democrat leader seems to have.
Wonder if she is looking into the Bidens, Clintons, Cuomo’s, as to where they got some of their money and what organized crime connections have they had, past or present.
Judge Learned Hand in Gregory v. Helvering, stated: “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”
As a tax lawyer, this is a quote I share with my clients frequently. I tell them in basketball that when a player is awarded a free throw, the line is from 15 feet. The shooter can not get nearer, but isn’t confined to the 15 foot line. He/she may move farther. Most get as close to the line as they can without going over. Tax planning is the same. A person can get near the line, but not go over.
Gwjack
Omar in Minnesota paid HER HUSBAND almost all the donations she received for the 2020 campaign for ‘consulting fees. MILLIONS.
OR—looking at Omar’s 2020 campaign money being paid to her husband for ‘consulting’===millions of $$$$$
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