Tuesday, January 31, 2023

Report: Trump tax audit delayed

WASHINGTON ( Associated Press) – The U.S. Treasury agency failed to conduct mandatory audits in a timely manner during Donald Trump’s presidency, a legislative committee found, raising questions about the former president and top officials in his administration who said they did so. did not do. Can submit tax return as it is being reviewed.

A report released by the Democratic majority of the Committee on Ways and Means of the House of Representatives indicates that the Trump administration may have ignored a requirement for the Internal Revenue Service (IRS) to audit the president’s tax returns. orders to do. , The IRS to audit Trump’s tax returns on April 3, 2019, after he had been in office for two years and months after Democrats won a majority in the House. On that date, commission chairman Richard Neal asked the IRS for information related to Trump’s tax returns.

There has been no suggestion that Trump, who has announced a 2024 run for president, tried to influence the IRS or discourage an audit of his returns. But the report says the audit process was “passive, at best”.

The 29-page report came hours after the commission voted by majority vote to release Trump’s tax returns in the coming days. This means there could be new revelations about the finances of the former businessman who flouted political rules by refusing to disclose his statements while running for president. The vote, in which each commission member toed his party line, was the culmination of a years-long standoff between Trump and Democrats that have fought battles on the campaign trail, the halls of Congress and the Supreme Court.

Nation World News Desk
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