Friday, August 12, 2016

Donald Trump's 2015 return isn't finished yet.

It is my estimation that the current year income tax return for Trump is a burden and postpones the audit of previous years. Follow? No? See, the IRS is auditing the Trump tax returns. BUT, before the extension time runs out his lawyers and accountants have to file the current year's return. So, the audits get pushed back from completion because the current year has to be completed. The past returns have to receive attention by the same people processing this year's returns before the IRS can complete their audits.

Got it? 

August 12, 2016
By Anae Gearan, Tom Hamburger and John Wagner

Democratic presidential nominee Hillary Clinton (click here) and her husband, former president Bill Clinton, earned $10.7 million last year according to their 2015 tax return, which her campaign released Friday along with a trove of other documents intended to apply pressure to Republican Donald Trump to do the same.
Clinton has called on Trump repeatedly to release his tax returns, trying to sow doubt about the businessman’s honesty and civic participation. With the release of her return as well as an accounting of nearly $23 million in speaking fees earned in 2013, the Clinton campaign noted that nearly 40 years’ worth of tax returns for the couple are now in the public domain....