Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

2016 Postmortem

Lochloosa

(16,065 posts) Mon Aug 15, 2016, 09:12 AM Aug 2016

I want to see Paul Manafort's Tax Returns.

And I'm sure the IRS is thinking the same thing.

4 replies

= new reply since forum marked as read

Highlight:

I want to see Paul Manafort's Tax Returns. (Original Post) Lochloosa Aug 2016 OP

Why? If he made money working outside the USA, it won't show up there. Coyotl Aug 2016 #1

There are requirements to report accounts and certain spooky3 Aug 2016 #2

They were cash payments specifically so he wouldn't sufrommich Aug 2016 #3

Legally, he has to report it (see link). But this crowd doesn't spooky3 Aug 2016 #4

Coyotl

(15,262 posts)

1. Why? If he made money working outside the USA, it won't show up there.

Reply to Lochloosa (Original post)

Mon Aug 15, 2016, 09:15 AM

Aug 2016

spooky3

(34,457 posts)

2. There are requirements to report accounts and certain

Reply to Coyotl (Reply #1)

Mon Aug 15, 2016, 09:18 AM

Aug 2016

types of income on US tax returns.

https://www.irs.gov/uac/reporting-foreign-income-eight-tax-tips-from-the-irs-1

sufrommich

(22,871 posts)

3. They were cash payments specifically so he wouldn't

Reply to Lochloosa (Original post)

Mon Aug 15, 2016, 09:27 AM

Aug 2016

have to report it in his tax returns,the money probably isn't in an American bank.

spooky3

(34,457 posts)

4. Legally, he has to report it (see link). But this crowd doesn't

Reply to sufrommich (Reply #3)

Mon Aug 15, 2016, 09:37 AM

Aug 2016

worry too much about those technicalities.

The IRS nailed Al Capone on unreported income. That's why he went to jail when the authorities couldn't get him for other crimes.

Reply to this discussion