#criminal tax fraud
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The amount of income, deductions and taxes paid by or refunded to former President Donald Trump while serving in the White House was detailed in a new report released Tuesday night.
The report reveals that Trump on his federal tax returns declared negative income in 2015, 2016, 2017 and 2020, and that he paid a total of $1,500 in income taxes for the years 2016 and 2017.
On their 2020 income tax returns, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million, according to the report by the staff of the Joint Committee on Taxation.
The report was posted online shortly after the Ways and Means Committee voted to make public redacted versions of Trump’s full income tax returns, and those of eight related business entities for the tax years 2015 through 2020.
Those full returns are expected to be released in the coming days.
A separate report released by the Ways and Means Committee revealed that the IRS had started an audit of just one of Trump’s tax returns while he was serving as President despite an internal policy mandating that sitting presidents have their returns audited annually.
The 39-page report by the Joint Committee on Taxation staff gives a breakdown of the highlights of Trump’s joint tax filings with Melania during his time in office, and the two years he first ran for President.
The report identifies different areas that the staff thought warranted further examination, such as documentation of nearly $506,000 in charitable donations claimed by the Trumps in 2019.
Highlights of the report include:
• On their 2015 federal return, Trump and his wife declared negative income of $31.7 million, with taxable income of $0. The couple paid federal income taxes of $641,931.
• The 2016 return declared negative income of $31.2 million, with zero dollars of taxable income. The Trumps paid $750 in taxes.
• The 2017 return declared negative income $12.8 million, with $0 in taxable income. The couple paid $750 in taxes.
• The 2018 return declared total income of $24.4 million, with taxable income of $22.9 million. The Trumps paid $999,466 in federal income taxes.
• In 2019, the Trumps declared $4.44 million in total income, and $2.97 million in taxable income. They paid $133,445 in taxes.
• The 2020 return shows negative income of $4.69 million, with zero dollars in taxable income. The tax paid by the Trumps was $0 and they claimed a REFUND of $5.47 million.
Read the report on Trump’s annual tax returns here.
#us politics#news#cnbc#donald trump#2022#trump administration#melania trump#house ways and means committee#Joint Committee on Taxation#tax fraud#criminal tax fraud#irs#internal revenue service#trump tax returns#trump taxes
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#urgent tax help#tax help#criminal tax fraud#tax attorney usa#tax lawyer#tax attorney#irs#tax returns#tax evasion#tax resolution#tax lawyer usa#tax lawyer los angeles
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Trump's company found GUILTY on 17 counts of tax fraud
Trump’s company found GUILTY on 17 counts of tax fraud
A jury convicted former President Donald Trump’s company on multiple tax fraud charges on Tuesday in a New York court.
After deliberating for one day, the jury delivered a guilty verdict on all 17 counts, which included tax fraud and other financial crimes, against the Trump Organization. Prosecutors alleged that executives at the company devised a scheme to avoid paying taxes that included…
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ڈونالڈ ٹرمپ تنظیم ٹیکس فراڈ کیس میں قصوروار
سزا سنانے جانے کے وقت ٹرمپ آرگنائزیشن پر 1.6 ملین امریکی ڈالر تک کا جرمانہ ہو سکتا ہے۔ ٹرمپ شروع سے کہتے آرہے ہیں کہ یہ کیس سیاست سے متاثر ہے اور وہ اس پر تنقید کرتے ہیں۔
#MunsifUrdu
واشنگٹن: امریکہ میں نیویارک شہر کی ایک جیوری نے سابق صدر ڈونالڈ ٹرمپ کے ہم نام کی رئیل اسٹیٹ کمپنی کو مجرمانہ ٹیکس فراڈ کا مجرم قرار دیا ہے۔ منگل کو ایک جیوری نے ٹرمپ آرگنائزیشن کے دو اداروں کو دھوکہ دہی، سازش، مجرمانہ ٹیکس فراڈ، اور کاروباری ریکارڈ کو غلط ثابت کرنے سمیت تمام معاملات میں قصوروار پایا۔
ٹرمپ اس معاملے میں مدعا علیہ نہیں تھے جو ان کی کمپنی کی جانب سے اپنے ایگزیکٹوز کو بھتوں کی صورت…
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for an actual crime lord, daigo looks like a very polite guy
i wish he got to interact with civilians in canon more because i'd love to know what he's like when he's off the clock
big agree on letting daigo relax more.. i wanna see him let out in the wild and he like. Can just go to smile burger and order a number seven and he eats by onea them window seats in dead silence
#snap chats#i think its part of the job to look polite and approachable..#al capone sure got a snazzy suit.. and hat… still funny he got arrested for like. what was it tax fraud LOL#and not Everything Else but anyway#lookin at daigo like ‘no pets allowed in the apartment’ except its criminals#‘fine he can stay only because he looks very polite’ LOL#Let Daigo Chill 2024#he’d look swell in a casual outfit me thinks :))
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So what you're saying is, you don't have a business.
You have a bunch of venture funded criminals looking to eventually sucker teacher pension funds and other investors with an IPO and laugh all the way to the bank.
#openai#venture funded#criminals#frauds#fakes#ipo#investors#gst#tax#capitalism#greed#greedisthecreed#greedy bastards#corporate greed#ausgov#politas#auspol#tasgov#taspol#australia#fuck neoliberals#neoliberal capitalism#anthony albanese#albanese government#eat the rich#eat the fucking rich#poverty#welfare#anti capitalism#anti capitalist
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how to commit tax fraud step one be 22 step two have a phobia of bureaucracy
#technically it's not tax fraud because it's money from another government solidarity thing#but still.... idk how they're gonna react i can't do a simulation of how much i potentially owe them so i gotta wait :|#anyway i love being an unintentional criminal#blablatag
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It's the criminal kitten!!!!!!
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i can’t remember if the mianite crew canonically had to like, pay taxes or something while in ruxomar. probably not. but even so we’re all in agreement that if helgrind ever tried to tax them they would 100% evade those right. like that’s just a fact of life
#icarus speaks#icarus hcs#<- is it really a headcanon if it’s just facts#they’re wanted criminals for multiple reasons yeah#but like a good 60% of it is for tax evasion#and fraud. somehow simultaneously
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A jury in Manhattan has found former President Donald Trump's company guilty of a long-running criminal tax fraud scheme that lasted into his presidency.
Though Trump and his company have repeatedly faced criminal investigations, this case marks the first time his company has been charged, tried, and convicted on criminal charges.
Trump built his political brand, in large part, on his claim that he was an aggressive and successful businessman.
In all, the jury found two entities controlled by Trump guilty on 17 counts of criminal tax fraud and falsifying business records. The maximum penalty is $1.6 million.
Prosecutors had previously secured a guilty plea last summer from Trump's former longtime Chief Financial Officer Allen Weisselberg, who became the star witness for the prosecution in the case.
But Weisselberg's co-defendants, two Trump business entities, remained under indictment.
On Halloween, prosecutors made their opening arguments in the trial of the Trump Corporation (which encompasses most of his business empire) and the Trump Payroll Corporation (which processes payments to staff), arguing that the case was about "greed and cheating."
ASSISTANT DISTRICT ATTORNEY SAID IN SUMMATION THAT TRUMP SANCTIONED TAX FRAUD
Trump Corporation attorney Susan Necheles told jurors in her opening statement that the trial is not a referendum on Trump, and asked them to keep an open mind.
Both sides emphasized that Trump was not a defendant, yet the former president's name came up frequently.
Some of the most attention-grabbing evidence presented to the jury were documents with Trump's signature: a rental agreement for a luxury apartment used by Weisselberg, a private school tuition check written for a grandchild of Weisselberg's. Weisselberg admitted he did not declare these benefits as income, as required by law.
In his summation, Assistant District Attorney Joshua Steinglass pointed a rhetorical finger directly at Trump, saying Trump sanctioned tax fraud. The defense vigorously objected, and the objection was sustained by the judge.
During the course of the trial, outside the four walls of the courtroom, Trump declared he was running for president, and frequently lambasted Manhattan District Attorney Alvin Bragg on social media.
Weisselberg previously pleaded guilty to 15 felony tax charges. He admitted hiding the part of his salary that was paid through untaxed benefits like a luxury apartment, Mercedes-Benz leases for him and his wife, and private school tuition for his grandchildren.
The compensation was never reported to New York State or to the IRS.
As part of his plea deal, Weisselberg agreed to testify truthfully and to serve five months in jail.
During his testimony, which laid out the details of his criminal tax fraud, Weisselberg acknowledged that he still receives a $640,000 salary from the Trump Organization – though he has been placed on leave – and of hopes to receive an end-of year bonus.
At issue in this trial was whether Weisselberg and another top executive, Trump Organization Comptroller Jeffrey McConney acted "in behalf of" the corporate entities when they compensated Weisselberg and other top executives by paying for the apartments and luxury benefits that did not get reported to the tax authorities.
TRIAL UNFOLDED AT A MOMENT OF COMPLEX LEGAL PERIL FOR TRUMP AND HIS BUSINESS
In his instructions to jurors, before they reached a verdict, Judge Juan Merchan said that did not mean Trump's company benefited from the scheme, although there was evidence that it did.
Weisselberg acknowledged knowing taxes were owed on that compensation, but it was never reported.
Prosecutors argued that by compensating top executives in this fashion, the Trump Organization was able to save significant amounts of money.
This trial unfolded at a moment of complex legal peril for Trump and his business, with his attorneys playing defense in recent weeks in three different New York City courtrooms.
Last month, a judge required Trump's firm to submit to an outside monitor as part of an on-going $250 million civil case brought by New York Attorney General Letitia James.
James' lawsuit claims Trump and his children fraudulently manipulated the value of its real estate holdings for more than a decade, deceiving lenders and and cheating tax authorities.
Trump and his attorneys have pushed back, arguing that prosecutors in New York have overstepped their authority and engaged in a a political witch hunt against the former President.
Trump also faces federal probes involving his role in efforts to block the peaceful transfer of power after he lost the 2020 presidential election and his decision to keep classified documents after leaving the White House.
Last month, the U.S. Justice Department appointed a special counsel to oversee those investigations. Trump has also described that process as politically motivated.
#us politics#news#npr news#npr#2022#trump organization#trump organization scandal#alan weisselberg#criminal tax fraud#guilty#Trump Payroll Corporation#Trump Corporation#Susan Necheles#Joshua Steinglass#Alvin Bragg#Jeffrey McConney#Judge Juan Merchan#letitia james#ag letitia james
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#evil gop#melania#trumpturds#Qanon crazies#prison#memes#mar-a-lago#melanala#illegal alien#tax fraud#meme#tax evasion#jail#criminal#clown car republicans
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How to Know if it's Really the IRS Contacting You?
Know IRS contacts protocols for mail, calls, visits to avoid scams demanding payment or making threats. Report suspicious communications claiming to be tax authority.
The IRS contacts taxpayers in various ways, including by phone, mail, and in-person visits. However, scammers also often impersonate the IRS to try to get money or personal information from victims. It’s important for taxpayers to understand how the real IRS operates so they can identify any suspicious communications that may be IRS imposters.
The IRS Primarily Uses Mail for Legitimate…
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#audits#credentials#criminal investigations#fraud#identification#identity theft#impersonation#IRS#mail scams#phone scams#reporting fraud#scams#tax collection#taxes
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what is a crime possum?
Imagine an elf in the shelf except instead of an elf he's north americas only marsupial, instead of childish mischief he commits category 1 felonies, and instead of being an assistant to Santa Claus he answers to no man.
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I believe Cohen and the additional dozens before I would believe the pathological liar Trump and his spawn
#youtube#justice#truth#no one is above the law#trump is a threat to democracy#trump crime family#criminal justice#freedom#the rule of law#tax fraud#fraud#trump is a criminal#trump for prison#trump indictment#truthmatters#power to truth#exposing the truth#true justice#the bitter truth#raw truth#democracy
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