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http://www.factcheck.org/2016/05/trumps-tax-returns/
Above is a letter copy in regards to the status of Donald Trump's tax return situation:
~~~~~~~~~~
How important is the Releasing of Donald Trump's Tax Returns? There is much scrutiny about Trump's tax returns from Mitt Romney, all the way to Hillary Clinton. I find it interesting when the media blames Trump for not being quiet, saying the news could focus on Hillary's shortfalls instead.
Do we really believe that if Trump went into 'radio silence' then the media would behave and not attack him, attacking Hillary instead. Doubtfully.
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Here the CNN link shows Donald Trump's personal financial disclosure with the FEC, if getting a look at Trump's finances is your thing.
-CNN link:
http://www.cnn.com/2015/07/22/politics/donald-trump-personal-financial-disclosure-report/index.html
-Easier to Read Full Screen CNN link:
http://www.documentcloud.org/documents/2171508-donald-trump-personal-financial-disclosure-report.html#document/p1
Above is a letter copy in regards to the status of Donald Trump's tax return situation:
~~~~~~~~~~
How important is the Releasing of Donald Trump's Tax Returns? There is much scrutiny about Trump's tax returns from Mitt Romney, all the way to Hillary Clinton. I find it interesting when the media blames Trump for not being quiet, saying the news could focus on Hillary's shortfalls instead.
Do we really believe that if Trump went into 'radio silence' then the media would behave and not attack him, attacking Hillary instead. Doubtfully.
~~~~~~~~~~
Here the CNN link shows Donald Trump's personal financial disclosure with the FEC, if getting a look at Trump's finances is your thing.
-CNN link:
http://www.cnn.com/2015/07/22/politics/donald-trump-personal-financial-disclosure-report/index.html
-Easier to Read Full Screen CNN link:
http://www.documentcloud.org/documents/2171508-donald-trump-personal-financial-disclosure-report.html#document/p1
Election 2016
Republicans
Democrats
Taxes
Edited >1 y ago
Posted >1 y ago
Responses: 7
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Since Hillary got an extension on CGI information of 27 months, why not Trump?
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Interesting. Hillary's appointment calendar won't be released until after the election, but she wants to see Trump's tax return?
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SGT Edward Wilcox
Apples and Oranges. She has released her tax returns, now it is his turn to do the same. If he wants to see her appointment calendar, then he should release his own.
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1LT (Join to see)
That's false equivalency. It is 50 year tradition that major party presidential candidates release their tax returns Donald Trump is bucking that tradition. There are no excuses for Donald Trump not to release his tax returns.
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The problem with releasing a tax return of a Corporation over a Billion Dollars in value is that 75-80% of Americans are not going to understand it due to the complexity and they will rely on 2nd or 3rd party interpretations some from licensed CPA's others from licensed lawyers (who will make mistakes in interpretation not knowing the details). The IRS generally is really not that sharp when it does an audit, it does not assign it's sharpest people unless they are sure there is something that might result in a criminal charge. And the IRS will redirect and prolong the audit based on public comments by people attempting to interpret the returns. IRS will bounce from public issue to public issue ad nauseum and the audit will become more political than professional So it is a good strategy to wait until after the Audit is over in my view. I would do the same if I were in his shoes wait until the Audit is over then release to the public.
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SPC Erich Guenther
SGT Edward Wilcox - Mr. Trump is running a C Corp which means his personal return will be looked at in conjunction with the C-Corp. I'll let you figure out why that is so since I don't know how the IRS operates. BTW, I think you just helped me prove in part that most Americans do not understand the complexity here.....thanks for the assist.
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SGT Edward Wilcox
My father and my ex-wife both had their own businesses. They were both run as Sole Proprietorship, which is NOT the same thing as a C-corp. If you read the letter, you would see that there is no mention of corporations. They are run "almost exclusively through sole proprietorship". The closest type of corporation to a sole proprietorship is an S corp. But, since there is no mention of any corporations, I doubt he is incorporated at all.
I think, judging by your comment, that you, and not I, are the only person here who has no understanding of the complexity here, or the lack thereof. You also have no understanding of the different types of corporations or, it would seem, basic business principles.
I think, judging by your comment, that you, and not I, are the only person here who has no understanding of the complexity here, or the lack thereof. You also have no understanding of the different types of corporations or, it would seem, basic business principles.
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SPC Erich Guenther
Not quite. I think your almost there though. He is too large by Asset size to be S Corp. His subsidiary companies are setup as LLC's, He would be exceedingly stupid to setup his main Parent company as a Sole Proprietorship as large as it is too inflexible a structure for such a large company. So that leaves LLC (highly likely), Partnership (not likely either because of structure), or C-Corp. LLC or C-Corp, C-Corp is more rigid than LLC and LLC you can declare the taxing entity. Between the two it does not matter for the point being made because the same concept / point applies, they have to look at both the LLC as well as his personal stuff. LLC is a lot harder to audit than a C-Corp and much more complex but eliminates double taxation. LLC allows you to declare taxing entity each year. So the Lawyer is referring to declared tax entity not company structure.
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SPC Erich Guenther
CPL Shawn Lawson - No people are just mad about the election. I think he is just another frustrated voter. It's a pretty crappy choice this year, can't blame anyone for being mad.
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