Tax returns will be immediately under audit

[struggle4progress]

Gregory Korte , USA TODAY
Published 11:35 a.m. ET April 12, 2017

... Under an .. Internal Revenue Service rule, the tax returns of the president and vice president are automatically audited, every year ...

Presidential tax returns have been subjected to that process for more than 40 years, but it's taken on new significance this year ...

... Trump says he won't release his tax returns while they're under audit. "I will absolutely give my returns, but I’m being audited now for two or three years, so I can’t do it until the audit is finished, obviously," Trump said at a Republican primary debate last year ...

... if Trump continues to use the audits as a reason to avoid releasing his returns, he can use that rationale for the remainder of his presidency ...

https://www.usatoday.com/story/news/politics/2017/04/12/trumps-tax-returns-immediately-under-audit/100272688/

[spanone]

1. Liar-In-Chief.

[Warpy]

2. Oh, my, sifting through all those shell coporations

and other accounting gimmicks he undoubtedly uses to reduce his tax burden is going to keep a lot of top people very busy.

[Wellstone ruled]

3. Trump appears to be under water

financially. Hunch is he is Leveraged at 125% or more. And base that on what we have gleaned from various news reports. It's all about the Loan Covenants.

[VOX]

5. Solid hunch. Betting that you're correct.

He's absolutely phobic about his returns, which likely means he's up to his eyeballs, or even higher. (In debt, that is.)

[Wellstone ruled]

8. Just saw a story on

Raw Story about his Kids Bitching that the Old man's antic's in the White House is hurting their business's. Hunch says,watch the Chinese Money Merchants and Trump. Things a popping with money payback between the Chinese and Trump.

[DetlefK]

4. He COULD publish them while under audit. He just doesn't want to.

[winetourdriver01]

6. He can't

When the banks became unwilling to loan him any more money because of his horrible track record, he had no choice but to go to "other sources" for the money he needs to keep the grift going. Can you say Russian mob? Can you say felony?

[DetlefK]

7. That's why he cannot divest. He would get a pity for his glorious Trump empire if he would sell.

[BSdetect]

9. Hope they turn up enough to charge him with evasion etc

[Johonny]

10. Until the Dems take the house