EXCLUSIVE: Trump's Mar-a-Lago tax deal veiled from IRS review

[DonViejo]

Source: Palm Beach Post




By Christine Stapleton and Lawrence Mower - Palm Beach Post Staff Writers

Posted: 12:55 p.m. Thursday, December 21, 2017

PALM BEACH — Donald Trump’s deal with the town of Palm Beach to turn Mar-a-Lago into a private club hinged on an act of charity crafted to skirt IRS scrutiny and deliver for Trump a seven-figure tax break, a Palm Beach Post investigation has found.

To make sure Trump could get the $5.7 million deduction, America’s future president and his lawyers intentionally left out those details from the written agreement with town officials.

The deal, which took shape in public meetings over several months in 1993, provides the best look at Trump’s largest form of charity: an obscure and controversial land-use deduction known as a preservation easement.

Since then, Trump has applied the tax break to his golf courses and estates to potentially deduct more than $100 million from his taxes, even though the IRS once listed such deductions among their “Dirty Dozen Tax Scams.” One tax expert said that if Trump is under audit, as he says he is, his frequent and vigorous use of the deductions “absolutely” could be why.



Read more: https://www.mypalmbeachpost.com/news/trump-mar-lago-tax-deal-veiled-from-irs-review/pYex7aWWSm6Zz4qQRU5twI/

[Eliot Rosewater]

1. I dont know how any of us go on given how completely corrupt trump is.

Drain the swamp?

And his supporters believe he has done that, by creating the greatest swamp in history.

With citizens that dumb and racist, we will not survive.

[turbinetree]

2. Maybe the sexual predator saw this

https://www.propublica.org/article/conservation-easements-the-billion-dollar-loophole

[riversedge]

3. Not to worry folks-I am sure Trumps tax Reform bill removed this item.

NOT

[mountain grammy]

4. In other news, donnie is a crook.

[Grammy23]

5. tRump is the gift that keeps on giving.

In his case, he is a big lump of coal in the stocking. I just wish all of his scams and sins stuck out on him like the hair on his head so that his true believers could see what they bought. Alas, they drank the Koolaide and will have to get hit squarely between the eyes to figure it out. I’d be happy to apply the first 2x4 to their thick noggins.

[Achilleaze]

6. "Dirty Dozen" republican TreasonWeasels

sleazeballs

[Angry Dragon]

7. If one compares what Donnie put down on his financial disclosure and what he

claims what his properties are worth for property taxes there is a wide range between them
he might claim the property is worth $50million but for property he might claim the property is only worth $5.7million

[mahatmakanejeeves]

8. Trump's deal w National Trust says he must open Mar-a-Lago to public. He's found a way around that.

Trump’s deal w National Trust says he must open Mar-a-Lago to the public. But he's found a way to get around that: Classifying people who pay to come to charity galas there as “the public.”

Link to tweet

EXCLUSIVE: Trump’s lawyers insisted his Mar-a-Lago tax deal be veiled from IRS review, fearing it would trigger an even closer look.

Link to tweet

[stuffmatters]

9. If Trump used this Scam in Ca (Palos Verdes) hope our relentless Franchise Tx Bd investigates

[Gothmog]

10. Larry Klayman is barely an attorney and is a joke