InvestorsHub Logo
icon url

fuagf

12/30/22 6:57 PM

#433652 RE: BOREALIS #433645

Good post. The IRS failure to audit Trump's tax return as their own regulations mandate is obviously a valid reason for having an investigation. Unlike the extreme Republican right's calling for investigations of the FBI and the CIA at this time, which actually sounds like a Trump demand to me. Excerpt:

"The revelation about the IRS’s failure to perform the required audit of Trump’s taxes—that it did not happen at all for more than two years, and that, according to the committee, his 2017, 2018, and 2019 tax returns were not even selected for audit until after he left office—deserves yet more scrutiny. The IRS’s own regulations mandate that a president’s taxes must be audited every year. Not only that, but ongoing audits were the purported reason Trump gave for refusing to disclose his tax returns. Spokespeople for President Barack Obama confirmed that his taxes were subject to routine annual audits during his presidency, and a spokesperson for President Joe Biden said that his have been too. The Ways and Means Committee reported that, despite Trump’s complex finances, when review finally began in 2019, the audit was initially assigned to a single employee, and no audits of the years requested by the committee—2015 to 2020—have yet been completed.

The requirement to audit the president could not have simply evaded notice at the IRS. Trump’s taxes have been a major public issue since he initially refused to disclose them as a candidate in 2016. The IRS is drastically under-resourced, but insufficient resources are unlikely to be to blame, because they didn’t stop the agency from promptly reviewing the tax returns of the president immediately preceding Trump and the one immediately following him. That a unique resource crunch happened to coincide only with Trump’s presidency strains credulity.

So what happened here? It’s possible that the IRS was aware of all the controversy around Trump’s taxes and simply didn’t want any part of it. That’s inexcusable, but it’s not nefarious.

A more troubling explanation is possible—even likely: that Trump used the levers of government to shield himself from scrutiny.
"

Your link - https://www.theatlantic.com/ideas/archive/2022/12/trump-tax-returns-released-house-committee-irs-audit/672582/
icon url

Zorax

12/30/22 7:45 PM

#433655 RE: BOREALIS #433645

Did bill barr have any authority on who to assign for the tax audits of the pres of the WH back then?

Wasn't barr his buddy since 2016?