Maybe if *ol’ Bernie *released his tax returns? :rolleyes:
The speeches are a total non-issue.
It’s the internet, you can be as crazy unreasonable as you wish. It’s my position that someone who pays a tax attorney, or a plethora of tax attorneys, to deal with the IRS, they should take their highly-paid advice to heart. They should also minimize any possible complications and try to avoid any confusion that might drag out an IRS audit, which would include not releasing those tax returns AT THIS POINT IN TIME.
Since the OP poisoned the well when he conveniently forgot(?) to add Trump’s actual reason for not immediately releasing his tax returns to the list of speculations, you should be free to speculate in any crazy unreasonable manner you chose.
He’s got one tax return whereas Hilary has made dozens of speeches.
Trying to equate them is utterly nonsensical!
The ONLY equivalent to release of a tax return is clearly also the release of a tax return. This much is self evident to a child.
You look a fool when you try to make such lame points. It’s not helping further your cause. Just sayin’!
I know this is the internet and I didn’t ask for your permission. I asked if you thought such suspicions were totally unreasonable given other Presidential candidates, even under audit, have previously released their tax returns.
Again, cite that they gave that advice. Not that Trump *claimed *they gave that advice.
Ya, right.
Basically pleading the 5th is not a great excuse for not releasing your tax returns. He’s basically said “I don’t wanna, and you can’t make me.”
I’m asking what the REAL reasons might be.
Which of Trump’s relatively recent tax returns are actually undergoing audit AT THIS POINT IN TIME?
As others have noted above, it’s pretty unlikely that the IRS is still auditing a decade’s worth of returns, so which ones actually have any possible complications at this point in time? Which is the most recent year for which the IRS has finished, or that is now beyond the statute of limitations? Clinton’s tax returns, released through her and Bill’s various campaigns, are public all the way back into the 1970s–in other words, she’s got close to 40 years of returns publicly available. He can’t release even one?
You’ll have to ask Trump. I doubt that experienced tax attorneys will publically discuss the advice they’ve given their clients.
iApparently, Trump pulls million dollar speaking fees. Has he released the text of those speeches? It’s only fair, Hillary released her tax returns so Trump should release all his speech transcripts.
Have you asked him to? He might sell you a DVD?
This:
[QUOTE=Ibn Warraq]
That’s a huge bombshell in and of itself. The IRS conducts few audits, even of the obscenely wealthy and once you pass one, if they don’t find anything they pretty much leave you alone.
[/QUOTE]
is horseshit. My parents have been audited numerous times (something like 10 to 12 in the past 30 years) and they are scrupulous about taxes. They get audited a lot because they have a lot of financial instruments (stock/bonds/etc) and there is a lot of activity. There is absolutely no fuckery going on because that is not the way they operate. They pay their taxes and none of the audits have found any problems. In fact, at this point they just know that every couple years they will be audited.
My brother has been audited three or four times in the past 20 or so years. Once again for lots of investment transactions and once again absolutely no problems were found.
My roommate was audited three straight years and is still fighting the I.R.S. to close the audit from 2009(?!?). His income during those years was less than 75,000 per year. He was audited because he had a lot of write offs. Once again, absolutely no problems were discovered.
In 2011 30% of returns for filers who earned over 10 million were audited. 20% for 5 to 10 million, ~6% for 500,000 to 5 million. Link
In other words, if you are rich, expect to have an audit every three years.
The I.R.S. does indeed conduct audits and the I.R.S does indeed go after people year after year.
Slee
We all know Donald is hiding something because otherwise he’d release those tax returns and mock those who claimed he was deceitful. Personally, I think he’s worth under a billion and has tons of shitty investments and offshore hideouts. Such a thing attacks his very strength that he claims.
With Clinton, her emails and speeches are laughably trivial. You get paid 250k to speak to someone, you tell them what they want to hear. As for emails, its a minor issue, like jaywalking. I trust her to lead the country and she was the SoS when they took down Bin Laden. Given that, I’ll give her some leeway on some emails.
Who is this “we” that you are referring to? Are you assuming that you now speak for “everyone”? I’m just curious as to how many people you actually represent.
Nice. Mr. doorhinge? A response if you please. One that answers the question if it’s not too much trouble.
Nah, I’m sure his lawyers working on his fraud case wouldn’t let him. Have you asked Hillary to sell you some DVDs?
Two, at most three. Statutes of Limitation, Three years.
More or less , if you get a “No Change” audit, they wont audit you next year, or often even the next. Note also that “No Change” audits are quite rare so it’s* really *doubtful that now the IRS has audited your family 16 times and found nothing each and every time.
Impossible, 2009 is more well than three years ago. The Statute of Limitations has tolled. Unless of course they are accusing him of fraud.
So, I dont believe your anecdotes. :dubious:
If he omitted 25% or more of his income, the statute of limitations is doubled to six years, and in cases of outright fraud it can stretch pretty much indefinitely. Also, the clock starts ticking when the return is actually filed; if The Donald all accidental-like skipped filing one year altogether, the IRS has basically until the last trumpet sounds, and if he just filed late, the statute may not yet have run out on returns due earlier. The Foreign Account Tax Compliance Act of 2010 also extended the time limits to six years in cases of underreporting of certain foreign assets. The individual may have agreed to extend the SoL, usually to give himself/herself more time to present information to the auditors rather than forcing an assessment based on what the auditors currently think. Finally, there are some situations in which it is tolled, such as when a related issue is being litigated.
For a 2009 return, it is very unlikely that an audit is still open, but it’s not impossible. A missing informational return for foreign gifts or trusts (form 3520) for example may have tolled the statute of limitations, even if no additional taxes were actually due and the IRS waived any penalties.
In other words, it is at least possible that Trump has more than three tax returns still under audit. However, your larger point stands: he doesn’t have twenty or thirty years still under audit, and even if five or six are, he can release the remainder.
Oh please, you know it too, its just that your partisanship prevents you from saying anything bad about him so you hide behind statements like that. Most of Trump supporters know he’s a nut, but they don’t care, just like they brush off the casual racism, the spectacularly unqualified experience, the bizarre things he says. You’re not fooling anyone, unless you’re Trump himself. You’re on this board, you’re exposed to other ideas, you know that Trump is a white hot ball of fury masquerading as a real candidate and he’s hiding mob ties, failed businesses, and tax havens in his returns
I doubt the anecdotes too - or at least I doubt the people told him the whole truth.
However, a nit to pick: the statute is 3 years for any cause and 6 years with a 25% mis-statement of income. The clock doesn’t start ticking on the SOL until you file your return, so late-filers and non-filers may have some very old audits. Oonce an audit starts, the IRS may lean on the taxpayer to allow an extension of the statute to give them time to close. (Usually they’ll phrase it like “We’ll happily close this up if you agree to pay $20,000. If you want more time to argue your case, you’ll have to extend the SOL.”)