IRS failed to perform required audits of Trump’s tax returns


Summary

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Full story

For years, Americans couldn’t escape hearing about former President Donald Trump’s tax returns and why, despite years of precedence, he refused to release them. Trump repeatedly cited it was because he was being audited, but a House committee report reveals the IRS actually failed to audit him as president when it was required.

According to the latest report from the House Committee of Ways and Means, the IRS neglected to audit Trump for most of his time in office, despite a rule dating back to 1977 that requires mandatory tax examinations of all sitting presidents and vice presidents. The rule was spurred by a Watergate-era tax scandal surrounding former President Richard Nixon.

“The designated agents found that there was only one mandatory audit started and none completed during [Trump’s] four years in office. Clearly, the mandatory audit program was dormant, at best, during the prior Administration,” the report read.

The House Ways and Means Committee reported the IRS did not complete a single mandatory audit of President Trump’s tax returns while he was in office.

There’s no suggestion in the report that Trump tried to influence the IRS in any way. In fact, the IRS commissioner through most of Trump’s first year in office, John Koskinen, was appointed by former President Barack Obama.

It appears a move that did have at least some influence on the IRS was Democrats taking control of the House and its committees in 2019.

“Notably, the IRS sent a letter to the former President notifying him that his tax year 2015 return was selected for examination on April 3, 2019, which is the date the Chairman sent the initial request to the IRS for the former President’s return information and related tax returns,” the report authors wrote.

But aside from the one mandatory audit selected later that year, the remaining returns did not come up for examination until after Trump left office, according to the committee.

The IRS did not immediately respond to a request for comment on the report.

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Bias comparison

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Timeline

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Summary

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Full story

For years, Americans couldn’t escape hearing about former President Donald Trump’s tax returns and why, despite years of precedence, he refused to release them. Trump repeatedly cited it was because he was being audited, but a House committee report reveals the IRS actually failed to audit him as president when it was required.

According to the latest report from the House Committee of Ways and Means, the IRS neglected to audit Trump for most of his time in office, despite a rule dating back to 1977 that requires mandatory tax examinations of all sitting presidents and vice presidents. The rule was spurred by a Watergate-era tax scandal surrounding former President Richard Nixon.

“The designated agents found that there was only one mandatory audit started and none completed during [Trump’s] four years in office. Clearly, the mandatory audit program was dormant, at best, during the prior Administration,” the report read.

The House Ways and Means Committee reported the IRS did not complete a single mandatory audit of President Trump’s tax returns while he was in office.

There’s no suggestion in the report that Trump tried to influence the IRS in any way. In fact, the IRS commissioner through most of Trump’s first year in office, John Koskinen, was appointed by former President Barack Obama.

It appears a move that did have at least some influence on the IRS was Democrats taking control of the House and its committees in 2019.

“Notably, the IRS sent a letter to the former President notifying him that his tax year 2015 return was selected for examination on April 3, 2019, which is the date the Chairman sent the initial request to the IRS for the former President’s return information and related tax returns,” the report authors wrote.

But aside from the one mandatory audit selected later that year, the remaining returns did not come up for examination until after Trump left office, according to the committee.

The IRS did not immediately respond to a request for comment on the report.

Tags: , , , , , , ,

Why this story matters

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History lesson

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Underreported

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Bias comparison

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  • The Center rutrum donec cubilia scelerisque id mus vel eros est inceptos conubia fringilla orci habitant, semper malesuada iaculis imperdiet penatibus pharetra facilisis sollicitudin dictum nibh taciti tempus.
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Key points from the Left

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Key points from the Center

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  • Felis leo ad per ante turpis inceptos tempor platea class ridiculus cras, a libero feugiat auctor fringilla sem sit ut pulvinar viverra.

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Key points from the Right

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Timeline

  • Bob Dylan auction items, including draft lyrics to “Mr. Tambourine Man,” which sold for $508k, generated $1.5 million in sales at Julien’s.
    Lifestyle
    Jan 20

    Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

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