If the IRS detects wrong doing you can be charged.
They are talking about income going back several years, so if they did find wrong doing, shit would have hit the fan by now!
If the IRS detects wrong doing you can be charged.
Unless the judge issues an order compelling him to do so.So if they have it, does he have an obligation to show it to anyone else? I would guess probably not!
Unless the judge issues an order compelling him to do so.
What's hard about this?
I'm telling you what the law is in the United States.Well, I would just think that once you've disclosed your income to the revenue authority, it's no one else's business! In my mind it's not hard at all.
Thanks for the information. I should have and probably could have figured that out for myself. Perhaps Mr. Trump's indiscretions aren't limited to failure to pay income tax.I'm telling you what the law is in the United States.
You'll find that people under investigation for crimes don't generally get a lot of respect for their privacy. Looking into the financial records (not just tax records) of someone suspected of financial crimes is like looking into the car-trunk of somebody suspected of running drugs.
The revenooers don't focus on financial crime, they focus on tax compliance. In the U.S., they are not trained on financial laws, they are trained on tax law. They also have no jurisdiction over financial crimes, so long as the taxes are paid.
The New York Federal and state prosecutors are the best, most experienced, investigators and prosecutors of financial crimes in the country (not surprising, New York City is the financial hub of the U.S.).
The general rule is "if a prosecutor can convince the judge that there is probable cause to think the financial records will contain evidence of crime, the judge will issue an order to turn over the financial records." Not really any different from issuing a search warrant for drugs.
Trump And His Kids Could Go To Prison As DA Confirms Criminal Bank Fraud Investigation
Manhattan DA Cyrus Vance is investigating President Donald Trump, his company, and his kids for bank and insurance fraud.
The New York Times reported:
The Manhattan district attorney’s office suggested on Monday that it has been investigating President Trump and his company for possible bank and insurance fraud, a significantly broader inquiry than the prosecutors have acknowledged in the past.
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The office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump’s accountants should have to comply with its subpoena seeking eight years of his personal and corporate tax returns. Mr. Trump has asked a judge to declare the subpoena invalid.
The prosecutors did not directly identify the focus of their inquiry but said that “undisputed” news reports last year about Mr. Trump’s business practices make it clear that the office had a legal basis for the subpoena.
More: https://www.politicususa.com/2020/08/03/trump-bank-insurance-fraud.html
Too bad they didn't scrutinize the dollar he slipped into Stormy Daniels's garter.Will never happen Cliffy. You can bet his lawyers scrutinize every move involving a dollar or more!
All these cats with holey jeansTrump is one of those guys who has many lawyers and each of them knows a little bit about his business.
Fortunately for New York state they got to talk to his accountant.
Fake Prog news.Trump And His Kids Could Go To Prison As DA Confirms Criminal Bank Fraud Investigation
Manhattan DA Cyrus Vance is investigating President Donald Trump, his company, and his kids for bank and insurance fraud.
The New York Times reported:
The Manhattan district attorney’s office suggested on Monday that it has been investigating President Trump and his company for possible bank and insurance fraud, a significantly broader inquiry than the prosecutors have acknowledged in the past.
Advertisements
The office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump’s accountants should have to comply with its subpoena seeking eight years of his personal and corporate tax returns. Mr. Trump has asked a judge to declare the subpoena invalid.
The prosecutors did not directly identify the focus of their inquiry but said that “undisputed” news reports last year about Mr. Trump’s business practices make it clear that the office had a legal basis for the subpoena.
More: https://www.politicususa.com/2020/08/03/trump-bank-insurance-fraud.html
What a load of malarkey .I'm telling you what the law is in the United States.
You'll find that people under investigation for crimes don't generally get a lot of respect for their privacy. Looking into the financial records (not just tax records) of someone suspected of financial crimes is like looking into the car-trunk of somebody suspected of running drugs.
The revenooers don't focus on financial crime, they focus on tax compliance. In the U.S., they are not trained on financial laws, they are trained on tax law. They also have no jurisdiction over financial crimes, so long as the taxes are paid.
The New York Federal and state prosecutors are the best, most experienced, investigators and prosecutors of financial crimes in the country (not surprising, New York City is the financial hub of the U.S.).
The general rule is "if a prosecutor can convince the judge that there is probable cause to think the financial records will contain evidence of crime, the judge will issue an order to turn over the financial records." Not really any different from issuing a search warrant for drugs.
Jealous ?Too bad they didn't scrutinize the dollar he slipped into Stormy Daniels's garter.
Oh, right, one of his lawyers did. And backed it up with 130,000 of its close, personal friends.
There's actually a line on our tax forms where you're required to report "Income illegally obtained." The Revenue don't give two hoots what you did to get it, as long as you report it and pay tax.Thanks for the information. I should have and probably could have figured that out for myself. Perhaps Mr. Trump's indiscretions aren't limited to failure to pay income tax.
So what do you do when you fill out your return, do you lie or do you pay the tax?There's actually a line on our tax forms where you're required to report "Income illegally obtained." The Revenue don't give two hoots what you did to get it, as long as you report it and pay tax.
Neither. I report the illegal income, then I use various tax dodges to avoid paying.So what do you do when you fill out your return, do you lie or do you pay the tax?
That is very interesting. Hmmm.There's actually a line on our tax forms where you're required to report "Income illegally obtained." The Revenue don't give two hoots what you did to get it, as long as you report it and pay tax.