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 ...
That’s how Trump tower got it’s start, with illegal aliens. If it wasn’t for their illegal foreign labor, there would be no illegal finished product.
And for his next trick...
Kasich and Huckabee endorse him.
It is perfectly within the law for Trump to release his tax returns while under audit. His attorneys have advised him not to do it, but it is not against the law to do it.
People are believing the IRS.
There’s the tell
Walking on water?
Now that he has all those evangelicals behind HIM they will happily go on bending over to let him walk on water on their backs as his bridge .
Having converted a just few months ago he has Christians, blacks, Mexicans, women, .....all supporting him.
He already won.
The caption with your picture is STILL wrong. Trump Tower was not built with Illegal polish workers. The existing building was demolished by a sub contractor that hired those Polish workers. And yes, there would be a Trump Tower, despite Polish workers.
But since you support Cruz, I suppose you would not understand that. Lets say the Honorable Senator bought a ream of paper from Staples to print out voter lists for his volunteers and that paper came from a foreign company that uses illegal workers that pays slave wages could I then state that Senator Cruz supports slavery?
Why do you equate Trump with scripture?
He wants to be President of the USA and you provide
ridiculous attacks from the miracles of Jesus.
Your a nut.
Obama is one smug SOB, he looks like he’s always holding back saying how much he thinks we conservatives should be gassed to death.
But yes, DT surpasses him in that area. Frankly, they could rename that N word “Trumpissistic”.
Back in the day years ago Trump thought a 14.5% one-time tax on one’s entire wealth (over $10 million) was a good idea. I’m guessing that isn’t part of his current plan.
“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.”
Wow. That has changed from what I remember. As I remembered, they could only go back two years in a standard audit, but go back as far as ten if they could show probable cause for fraud.
Maybe I got it wrong.
Because Trump will perform miracles for us just as he promises he will.
He is different than the others.
He can get ANYTHING done with just a phone call.
HE will get Mexico to build the wall(with US labor yet), get China to send back out plants. Deport all the illegals with no cost to us, and then bring them back, only the really good ones.
Get ISIS to surrender by his threatening the Saudis,
No normal human being can do this, only Trump can.
He obviously was sent here to us to save us.
Repent!
When IS that Illegal President in the White House going to release his College Records?????
OH that’s right, -— Every GOP WIMP is wetting their pants in fear, of the Kenya Kommie !
GO TRUMP GO!!!
shhhh -
We're not supposed to notice he speaks with less clarity and intelligence than a 4th grader - a 4th grader at the bottom of the class.
Nobody gives a shit about his tax returns except the press..oh and Mittens.
You mentioned two items. A wall and ISIS.
He will allow full immigration to legal immigrants.
Illegals must go.
China does not allow products to be sold in their country unless it is made there. Easy Fix
ISIS shall be bombed to oblivion.
One word :”Narcissist”
Think of Jim Jones
Obama and Trump
One other point that Reagan warned us of......
China’s currency is tied to the dollar. That must end.
So you are saying Trump and the Jim Jones suicide cult are the same.
The Butthurt in your home is real. Try a sedative with some Kool-Aid.
We understand you don’t care.
You are a failure in everything.
But because you worship Rump, he makes you comfortable being a loser.
Congratulations!
You are now a winner.
At least that is what the remaining neurons in your skull have convinced you of.
When he abandons you, there is always the comfort of bath salts or airplane glue awaiting you.
I wish he would have just refused.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.