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Trump Now on His Third New Reason To Not Release Tax Returns
Daily Beast ^ | February 26, 2016 | Michael Daly

Posted on 02/26/2016 8:02:31 PM PST by reaganaut1

Donald Trump says he cannot release his tax returns because he is undergoing an audit that goes back “four or five years.”

But the Internal Revenue Service usually does not look back more than three years.

“Generally, the IRS can include returns filed within the last three years in an audit,” the agency’s website says. “Additional years can be added if a substantial error is identified.”

The IRS further reports, “The statute of limitations limits the time allowed to assess additional tax. The statute of limitations is generally three years after a return is due or was filed, whichever is later.” Either Trump is lying about undergoing such an audit as an excuse not to release his returns, or the IRS has found that his most recent return includes an error considerably bigger than a simple oversight. Whatever the truth, an audit should not preclude releasing his returns.

Meanwhile, Trump has tweeted a photo of himself with a pen and a stack of papers.

“Signing a recent tax return—isn’t this ridiculous?” he wrote on Thursday.

In October, Trump had initially said that he would release his tax returns after Hillary Clinton released all her emails.

“But I will say this, and I’m very proud to say it, I think the country is run horribly. I hate what they do with our money,” Trump noted at the time. “And unlike everybody else, I try to pay as little tax as possible, because I hate what they do with my tax money.”

He added, “It’s a little tax.”

In January, Trump indicated that the release was imminent.

“We’re working on that now. I have big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time,”

(Excerpt) Read more at thedailybeast.com ...


TOPICS: Crime/Corruption; Politics/Elections
KEYWORDS: 1bigliar; carson; corruption; cruz; demsluvirs; kasich; palin; rubio; taxes; tdslunatic; trump; trumplies; trumptaxreturns
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To: MichiganCheese
Funny how Cruz & Rubio supporters suddenly side with the IRS, MSM and Dems. That speaks volumes.

Absolutely. The abomination known as the progressive income tax should be abolished altogether, and these guys want to try to use it as a political weapon? Furthermore, I don't need to see anybody's tax returns. They're private.

I'd be most impressed if Donald Trump paid no income tax, and if that were the case, I'd say "more power to him".

See Donald Trump's private tax returns? Who gives a crap?

Whoever first said it is anybody's business was a collectivist punk in the first place, IMHO...

41 posted on 02/26/2016 8:28:51 PM PST by sargon
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To: GodGunsGuts

You didn’t get the memo.

This thread is trashed.

Your army is late and their shoes are muddy.


42 posted on 02/26/2016 8:29:34 PM PST by eyedigress ((Old storm chaser from the west))
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To: depressed in 06; bray

Both of you seem to think that his tax returns are none of our business and you don’t care if he releases them. As a matter of fact I don’t, either. The question is, if that is his position, why is he giving excuses?


43 posted on 02/26/2016 8:29:49 PM PST by BruceS
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To: jimbo123

Where did all of these IRS audit groupies come from?


They are just upset that their candidate was “forced” to release his tax returns back in 2012 because he knee jerked to the lies of Harry Reid. The IRS groupies are not IRS groupies at all they are the RomneyBots that were here back in 2012 but suddenly disappeared after Tuesday, November 6, 2012. Now they’re back.


44 posted on 02/26/2016 8:30:28 PM PST by tsowellfan (Cruz/Trump or Trump/Cruz)
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To: reaganaut1
When will he release his big, beautiful tax returns?

Whatever his tax returns say I'll be VOTING TRUMP regardless.

WHY? Because I don't suffer from TDS.

45 posted on 02/26/2016 8:31:09 PM PST by VideoDoctor
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To: reaganaut1

The IRS can go back to the “beginning of time” if they find something hinky. But I bet those returns are “amazing.”


46 posted on 02/26/2016 8:32:17 PM PST by austingirl (Cruz 2016)
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To: tsowellfan

I had not seen GGG since the gold years of 2006.


47 posted on 02/26/2016 8:32:29 PM PST by eyedigress ((Old storm chaser from the west))
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To: reaganaut1

Trump is an ignoramous.

A very BIG ignoramous.


48 posted on 02/26/2016 8:33:05 PM PST by kinsman redeemer (The real enemy seeks to devour what is good.)
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To: depressed in 06
Trump has no legal requirement to release his tax forms.

Bingo!

Anybody who is demanding this has fallen for a phony narrative. And it's about time everybody realized it. This is just trying to play the Marxist "gotcha" game. I say they can pound sand. If Trump decides to make public his returns, that's his decision.

49 posted on 02/26/2016 8:33:27 PM PST by sargon
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To: JBW1949

They say you should keep records for 10 years. Supposedly the IRS has 3 years to catch a mistake. But I have a feeling they can justify doing whatever the hell they want.


50 posted on 02/26/2016 8:33:40 PM PST by visualops (Why yes, I am on the #TrumpTrain. I'd like to win for a change.)
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To: kinsman redeemer

That settles it.


51 posted on 02/26/2016 8:34:12 PM PST by eyedigress ((Old storm chaser from the west))
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To: reaganaut1

Who gives a sh**? They are none of your business, nor mine. Go crawl under your troll bridge.


52 posted on 02/26/2016 8:34:55 PM PST by Catsrus (I callz 'em as I seez 'em)
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To: reaganaut1

Law was just changed to 6 years


53 posted on 02/26/2016 8:36:11 PM PST by stocksthatgoup (My first choice is Trump 4 economics and Not a Politician . Cruz to endorse Rubio Stay Home)
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To: reaganaut1

Breaking news. This should be in breaking news


54 posted on 02/26/2016 8:36:23 PM PST by DrewsMum (If they wanted a conservative, they'd vote for one.)
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To: reaganaut1

Law was just changed to 6 years


55 posted on 02/26/2016 8:36:32 PM PST by stocksthatgoup (My first choice is Trump 4 economics and Not a Politician . Cruz to endorse Rubio Stay Home)
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To: Red Steel
"I wouldn’t give them anything."

If I were Donald Trump, I'd give them a photo of myself next to the stack of my tax forms, which he has done. It looks longer and more complicated than Obamacare. (If the MSM had that much free time, why didn't they read the Obamacare bill?)

.

56 posted on 02/26/2016 8:36:39 PM PST by Sooth2222 ("Every nation has the government it deserves." - Joseph de Maistre (1753-1821))
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To: doc1019

Of course he won’t!


57 posted on 02/26/2016 8:37:18 PM PST by DrewsMum (If they wanted a conservative, they'd vote for one.)
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To: reaganaut1

Do you really think there are a ton of people that interested in looking at Donald Trump’s tax returns? Out of all the issues and the problems that people have how far down the scale are Donald Trumps tax returns. I’ll give you a hint: Nobody cares. But in the meantime all anyone is hearing is the name TRUMP. At this point his name recognition is practically off the charts. He’ll get votes from people that can’t read anything except TRUMP.


58 posted on 02/26/2016 8:37:24 PM PST by DouglasKC
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To: reaganaut1

The Establishment will play this until November hoping to take him out but this will not work any better than any of the other phony scandals the media puts forth. Even liberal American voters won’t bite because even they hate the IRS. Even they value their privacy wrt taxes and financial records. People will be with Trump on this. Reasonable people anyway.


59 posted on 02/26/2016 8:37:49 PM PST by uncitizen (Investigate Scaliagate!)
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To: uncitizen

Using a government apparatus the people absolutely LOATHE to be the attack dog on TRUMP says one thing.......

They have NOTHING to stop him.


60 posted on 02/26/2016 8:40:00 PM PST by eyedigress ((Old storm chaser from the west))
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