Reply to The BIG ONE: 20 years of Trump taxes obtained by NYTs

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[quote=Anonymous][quote=Anonymous]This is why it is about fraud and not just being good at tax law or bad at business:

"the Times reports that the IRS has been looking into his questionable refund and the New York attorney general has been investigating whether he [b]inflated land appraisals to increase his deduction[/b]s. In his returns, there are allegedly questionable “consulting” [b]fees that seem to have been paid to his children and then claimed as business expenses,[/b] thus reducing his liability. Much of Trump’s lavish lifestyle is treated as a business expense. This is easy to claim, since much of his “business” consists of “being Donald Trump”. So he wrote off $70,000 of hairstyling as a business expense. If he is selling a brand, and the brand is “hedonistic self-indulgence”, then, as the Times put it, “everything that feeds the image … can be written off.”

A particularly egregious instance of bending the law stands out. In 1996, Trump bought a 50,000 sq ft historic mansion in Westchester county, which is surrounded by nature preserves. Trump threatened to develop the property and the people in surrounding towns objected, so instead he agreed not to develop it in exchange for a “$21.1m charitable tax deduction” for land preservation. [b]Trump then classified the mansion as an investment rather than a residence so that he could reduce his property taxes, even though it appears the Trump family did indeed live in it."[/b][/quote]

Wow trump is so smart, he did it himself? No cpas or anything? Wait a minute maybe he accounting firm are the issue if there are any at all. Unless tax uses turbo tax deluxe himself![/quote]

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