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sherkahn
Diamond Bar, SGV, LA, CA
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Locked. No further comments permitted.Is it “fake news”, part 2
Sep 28 2020 05:59PM more by sherkahn
Tags: Current Events

Trump’s tax filings could put him in danger, Sheil says, is if they are contradicted by other financial filings that indicate the president knowingly misrepresented his finances on one or more of them. As I recently reported for New York about Trump’s criminal exposure, falsifying business records can be charged as a felony with a maximum penalty of five years in prison if it is committed in the furtherance of another crime, such as tax fraud.

One place to look for inconsistencies, Sheil says, is in the tax forms’ depreciation schedules. “It sounds pretty arcane,” he says, “but it might be important, because when you depreciate an asset you have have to show the cost basis of that asset on the tax return. It should be the same amount that you use in loan applications to banks when you use it as collateral to purchase additional commercial property or golf courses or whatever. If you are enhancing these assets’ value falsely — putting down a different number on your financial statements than what’s on your tax returns — how do you explain that? You’re boxed in.” Likewise, any inconsistency between property-tax filings or insurance applications could also suggest fraud.
      
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loucfirr1
LA, CA
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Sep 28 2020 06:07PM     link to this

Sounds like his tax guy might be in trouble.
InsearchofStarfish
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Sep 28 2020 07:57PM     link to this



if you personally had a 100m that could go one way or the other on the IRS chopping block? would you release your taxes to the likes of WPO/NYT, that want to bring you down and cost you money?

those people would figure out a way to donate legal briefings to the IRS, fucking trump and costing him the money

bloomberg himself would do it...seems to be doing everything else...100m in FL...another 60m in CA, for house races





InsearchofStarfish
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Sep 28 2020 08:39PM     link to this

really? says tax fraud? was that a tax fraud penalty of a 100m? or taxes owed? combined?

already decided...like case is over?

his returns were leaked or financial information was leaked?




InsearchofStarfish
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Sep 28 2020 08:41PM     link to this

a better time was that just a coincidence or planned out with the biden ads before the debates?



InsearchofStarfish
Santa Ana, OC, CA
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Sep 28 2020 08:54PM     link to this

you're not the LOL dude, are you? been a while....all those predictions of jail? too funny

spouting the same type of crap knowledge as you did when he would be going to jail after the dossier and mueller probe...how'd that work out? is that investigation over yet?

going back to these taxes...so if he ended up owing the100m to the IRS, he has to go to jail?



InsearchofStarfish
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Sep 28 2020 08:58PM     link to this

too bad you didn't keep those handles...so we could go back and pull up all the perils you were throwing out to us...bummer that shit get erased







InsearchofStarfish
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Sep 28 2020 09:00PM     link to this

"pearls"


other word works fine also

wunanddun
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Sep 28 2020 09:11PM     link to this

So he filed his taxes got a return and the IRS is auditing him just like they audit many many many Americans. He may have to pay a fine just like many Americans.

What's the problem? Until the IRS has a finding then he doesn't owe. When they do make a finding he will have to make arrangements for payment.
InsearchofStarfish
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Sep 28 2020 09:14PM     link to this

is that 73m dollar deduction the one in jeopardy?

did he actually get a refund also of a big amount?

InsearchofStarfish
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Sep 28 2020 09:18PM     link to this

once ACB gets on the court...those taxes are being shut down

btw...you said he was going to jail when the dossier and mueller investigation was coming out and just getting started...lots of LOL's



InsearchofStarfish
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Sep 28 2020 09:21PM     link to this

but go back to the taxes...on that 73m fraudulent deduction...did that give him a refund? in his pocket?

how much was that?


BougieSavage
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Sep 28 2020 09:42PM     link to this

I keep thinking buttguy is a chick and it’s driving me nuts
Rahcrener
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Sep 28 2020 09:48PM     link to this

The issue/the risk that Trump has on us is not only he debt he owes to IRS,it is who he borrowed money from. Is that from Russian Oligarchs, or banks in Turkey? As Nancy Pelosi said, Trump is a national security risk because he may do anything to ease his debts by risking our country's securities, and he has been refusing to disclose his tax records.
InsearchofStarfish
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Sep 28 2020 09:50PM     link to this

TY...this is helpful



is that 73m deduction thingy...in contention?

or was it something else?

does a tax refund that size tell you anything?

wunanddun
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Sep 28 2020 10:10PM     link to this

Wouldnt you?
Mr.Horndog
City of San Diego, San Diego, CA
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Sep 28 2020 10:19PM     link to this

That tired line of 'fake news' is bullshit. Trump and his family are a bunch of swindlers.

It's pathetic to see idiots on Fox News still trying to defend the Turd. It gives their network no credibility.

Even the reserved Dr. Fauci called Fox News ‘Outlandish’.
InsearchofStarfish
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Sep 28 2020 10:25PM     link to this

for rah

again...if you had 100m in contention with the IRS? would you release your taxes to the public/your enemies?

think about it for 2 seconds...be honest with your answer

not sure you're following current news...biden's son received 3.5m from moscow mayor's wife...biden's son was on AF2 with biden on trip to china and comes back with 1.5b investment...whats that money is invested in? look it up? what it generates in fees?

so who is compremised?

biden answered twice last week that china was a competitor VS opposition....he knows the difference

have you ever bothered to see those financial statements trump has to file with GOV-ethics? go look them up....the information is more than enough for you to see his debt entanglemetns with other countries

i posted them on here a few years ago when NYT did a hit piece...you guys will love jerking off to all 78 pages....no donation amts though for you to try and create another trump thread on








InsearchofStarfish
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Sep 28 2020 10:30PM     link to this

so being in debt? are we talking he has negative net worth? help me understand how a rich dude worth maybe a billion dollars?? could owe that kind of money...due when?



you know obama become rich after being president...maybe trump can get a TV and book deal also to help pay those debts

shit...maybe he because he needs the money so much...only paying 750bucks in taxes...he should not donate his 400k salary each year

InsearchofStarfish
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Sep 28 2020 10:31PM     link to this

what about this question?


does a tax refund that size tell you anything?
InsearchofStarfish
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Sep 28 2020 10:36PM     link to this

stay with these taxes a minute...that was for that other dumbshit

InsearchofStarfish
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Sep 28 2020 10:47PM     link to this

so basically you can't have a rational conversation about the taxes without the TDS raging...just relax a bit and think about a few pieces of information that might be available?

i glanced at the story...didn't read the whole thing...it was shit

so i am getting my numbers from what you are posting and the bit i read


you guys are joking about his 750 dollars being paid...he's broke and owes a few hundred million


BUT you said he got a 73m dollar refund? A check was written to him? what does that say about it?...to me it says a few things...none of which you talked about...just trying to gauge your understanding of some basic tax principles
InsearchofStarfish
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Sep 28 2020 10:55PM     link to this

i can't imagine that 73m deduction/thingy was the issue...it looks like it could be legitimate without really knowing which numbers we are talking about

the item in contention must be something else




InsearchofStarfish
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Sep 28 2020 11:17PM     link to this

those things happen and refunds CAN go out like that...each year the irs is trying to combat it...w2's with serial numbers and so forth, to help with matching that the money is real...lots of stolen identities and now many of those same people have to file a special return with the IRS(sometimes paper return)



in general...you have to have the money PAID in with estimated payments on current returns or file amended tax returns to carryback losses and get a refund that way...how many years can you go backward? " it kinda blows some holes in him paying taxes"

SO....the key for him to get 73m refund? HE would have to have paid it in with estimated payments or paid the taxes in past years that are available for a potential carryback

he would simply get a letter with some math attached showing his potential refund and the amount of money paid in, to date (carry overs from prev year, plus current year estimates)

91BLUE850
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Sep 28 2020 11:18PM     link to this

Luckily he has the complexion for protection. This beloved snake oil selling clown will live to see another day. This what appears to be a house of cards is made of good 'ol country boy steel, platinum, tape and string!! I will not be surprised when 'Merica gifts this cult leader another 4 to carry us even further into oblivion! $750 x 2 paid by an alleged billionaire? Hahahaha!! This story is absolutely beautiful! Hell, I paid that working my first job outta 'o junior high at my uncles's liquor store in San Fran. And the O'Jays sing......"Money! Money! Money! Money!.......He owes Money!" This will be a fantastic fireball! I fully expect the middle 'Mericans to launch Agent Orange right back into the Oval Office!
InsearchofStarfish
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Sep 28 2020 11:23PM     link to this

why does he owe money? dude is worth a billion?

so he has no money? wtf?

rkavman
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Sep 28 2020 11:30PM     link to this

SpongeBob why u calling everyone an idiot? Just look in the mirror. The Trump organization made 450 million in profit (or something like that) he off sets the profit with losses from his other investments... but I think it’s fake news... there are only 2 sources the information could have come from... the first is the IRS and I don’t believe they would disclose any persons taxes without a court order. That leave his accounting firm and if they did leak that information someone is going to jail.

The confusing part for me is the times report didn’t really distinguish between his personal taxes and his business taxes. They say he paid only 750 dollars in taxes so they mean personally... what about the business...

But what really bugs me is how you twats go on and on about how Trump is a criminal.... he didn’t defy a congressional order to turn over phones only to destroy them... he didn’t bleach but his computer.... so u idiots can drool and salivate over Trump and his families but you claim fake news when it comes to Clinton or hunter Biden? Let me guess cuz it wasn’t reported on CNN or MSNBC? Well they along with the Times also said there was nothing in the senate judiciary report about Hunter Biden when that was absolutely not true...

If your an ostrich with your head buried in the sand I guess no one can see you....

Ignorance must be bliss....
InsearchofStarfish
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Sep 28 2020 11:42PM     link to this

the 750 could simply be a penalty of not enough money paid it for estimates...they are not saying exactly what it's for. assuming he is running many Scorps and LLCS....would need a big flow chart to complete his taxes...think i saw somewhere he had 500 entities?

it that was what the 750 was for...it would perfectly fit the hit job MO of everything that has been done in the past. they see 750 due and tell everyone that's that. WITHOUT going up a few lines to see total taxes...amounts paid in...to culminate in an overpayment or amt owed


91BLUE850
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Sep 28 2020 11:42PM     link to this

Oh, and you better believe he's DEEEEEP into Putin's pocket too! And he did it ALL right under our noses! Gotta hand it to 'im for swindling the country with Bitch McConnel, Lindsey Graham Cracker and the rest of Svengali's disciples at the controls. A game show host got over on 'Merica! Imagine that, a 1 bit game show host has our country by the short hairs. He should be escorted, lol, right outta the Oval Office first thing in the morning by a representative from each branch of the military for good measure. His cracks on our uniformed men and women was reprehensible!
91BLUE850
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Sep 28 2020 11:44PM     link to this

A game show host!
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