Could Trump have just paid him back/paid him more? Would he have to report that?
Cohen paid Stormy $130,000. That sum MUST be reported to the IRS on a 1099. (Her tax guy will do whatever tax guys do to handle that transaction.)
The $130,000 that may or not have been paid to Cohen will be shown as income to him or his law firm.
IRS will be tracking this VERY closely.