Dozens of audit triggers litter Donald Trump’s tax returns, according to Congress’s top non-partisan tax lawyers: questionable private jet expenses, large unsubstantiated charitable deductions and …
By Laura Davison, Chris Cioffi and Samantha Handler | Bloomberg
Among the items the report says should merit scrutiny are tens of millions of dollars in deductions claimed by Trump and his companies, including for business expenses incurred while president and $126.5 million in write-offs over five years tied to sales from an entity that didn’t appear to be selling anything.
House Ways and Means Chairman Richard Neal, who led the effort to investigate Trump’s tax returns and the IRS’s presidential audit program, said he is introducing a bill that would legally require the agency to audit every president within 90 days of taking office. And this week, the Democratic-led House panel investigating the Jan. 6 insurrection held the last of a series of high-profile hearings that culminated in criminal referrals for Trump to the Department of Justice.
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