With the Rachel Maddow disaster, the subject of Trump’s tax returns have been brought to the forefront again. Most in the MSM don’t search for, or care about finding the real answer of why the President hasn’t released his returns.
All along President Trump insists he will not release his tax returns until he the IRS Audits of his taxes are over. Many Trump bashers in the media, such as Fox News’ Shepard Smith point checked with the IRS and point out that he is allowed to release his returns while he is under audit, which is 100% correct. Since they were given the answers they wanted, these anchors never consult with CPAs and or tax attorneys to find out whether or not releasing his tax returns are advisable.
When he first announced that he wouldn’t release his tax returns till the audits against him were over, I consulted with a few CPAs. What I was told was, while there is no rule against him releasing tax returns while under audit any CPA/Tax Attorney who let’s him do that should be disbarred (whether or not they are the years being audited) .
When someone as wealthy as President Trump is audited there is likely a team of people at the IRS going through his returns for the audited years looking through the returns for something to nail him with. But when a candidate releases tax returns the team of people looking for the slightest mistake goes from the team at the IRS auditing, to the DNC, newspapers, magazines, tv networks, bloggers, etc. And not just for the audited years but for every year released. If the media finds something in a year that the IRS isn’t auditing the IRS can add that year’s return.
While the media digging through someone’s returns doesn’t really matter when there is no audit in place, why should anyone take a chance on giving the auditors more red meat. And if the media finds something, they may be criticizing a totally legitimate it…
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