WASHINGTON (AP) – A report released by the Democratic-controlled House Ways and Means Committee found that an IRS audit of Donald Trump was delayed, and committee members voted against the party’s party to release the taxes of the former president who broke the political rules. by refusing to disclose the information personally.

It is uncertain what level of detail will be revealed, but lawmakers have said they expect to issue six years of tax relief for Trump and eight associated companies. Some sensitive personal information will be removed. As for the 29-page report In summary, the committee’s work was released on Tuesday night, and the tax bill may not be released for several days.

The report indicates that the Trump administration may have ignored IRS requirements dating back to 1977 that mandate the president’s tax audit. The IRS began auditing his 2015 taxes on April 3, 2019, a date more than two years into the Trump administration. That date also coincides with committee chairman Richard Neal, D-Mass., making “the first request to the IRS for information on former presidents’ returns and related tax returns .”

It wasn’t until September 2019 that the IRS began auditing Trump’s 2016 filings. Audits for their 2017, 2018 and 2019 applications have been delayed and have not even started for their 2020 submissions.

A separate report issued by the Joint Committee on Taxation, detailing Trump’s income and tax liability, suggested that he paid a small portion of his income to the federal government.

The release is the culmination of a years-long battle between Trump and Democrats that has played out everywhere from the campaign trail to the halls of Congress and the Supreme Court. Democrats on the House Ways and Means Committee on Taxation argued that transparency and the rule of law are at risk by voting to release a report that is based on the audit procedure law. the US president. Republicans argued that the release would set a dangerous precedent for losing privacy protections.

“It’s about the president, not the president,” committee chairman Richard Neal, D-Mass., told reporters.

The Rep. Texas Kevin Brady, a top GOP member of the panel, “Sadly, the job is done.”

“Because of our opposition, the Democrats in the Ways and Means Committee have unleashed a dangerous new political weapon that overturns decades of privacy protections,” he told reporters. “It’s back to the era of political targeting, and the Congressional enemy list and all Americans, all American taxpayers, who could be wrong in the majority of Congress are now at risk. “

The report raised several red flags about aspects of Trump’s tax returns, including his income tax deductions, deductions related to defense and charitable giving, and personal loans. his son who may be a tax gift.

The committee chaired by Neal is proposing legislation to streamline IRS procedures, requiring initial reports no later than 90 days from the filing of the president’s tax returns.

The bill, which could be considered in the waning days of Congress, comes as Republicans vow to cut funding for more IRS workers as the first bill they consider to take the majority the house in the new year.

Trump has long had a difficult relationship with his personal income tax.

As a presidential candidate in 2016, he broke decades by refusing to release his tax returns to the public. He bragged during that year’s presidential debate that he was “smart” because he didn’t pay federal taxes and later said he wouldn’t personally benefit from the 2017 tax cuts he signed into law. a law that favors people with extreme wealth, only asking Americans to take. him in his words.

Tax records can be a useful metric to judge business success. The image of a savvy businessman has been a key to his respected political brand during his years as a tabloid magnet and star of the TV show “The Apprentice.” They can also disclose any financial obligations – including foreign debts – that may affect their conduct.

But Americans were in the dark about Trump’s relationship with the IRS until October 2018 and September 2020, when The New York Times published two separate series of articles based on leaked tax records.

2018 Pulitzer Prize winning essays showed how Trump received the modern-day equivalent of at least $413 million from his father’s estate, with most of that money coming from what the Times called “leaving tax” in the 1990s. Trump sued the Times and his niece, Mary Trump, in 2021 for providing the newspaper records. In November, Mary Trump asked an appeals court to overturn a judge’s decision to dismiss her claim that her uncle and siblings swindled her out of millions of dollars on the mansion. family in 2001.

Articles 2020 showed that Trump paid just $750 in federal income taxes in 2017 and 2018. Trump has not paid any income taxes in 10 of the past 15 years because they generally lose more money than they make.

The articles exposed deep inequities in the U.S. tax code because Trump, a famous billionaire, paid less in federal taxes. IRS figures indicate that taxpayers paid an average of $12,200 in 2017, 16 times more than the previous president paid.

Details about Trump’s income from foreign jobs and debt levels were included in the tax filing, which the former president derided as “fake news.”

At the time of the 2020 article, Neal said he saw ethical issues in Trump overseeing a federal agency that also fought legal claims.

“Today, Donald Trump is the head of an agency he sees as an enemy,” Neal said in 2020. “It is imperative that there be no interference with the IRS’s presidential audit program.”

Manhattan District Attorney’s Office Obtains Copies of Trump’s Tax Records in February 2021 after a long legal battle that included two trips to the Supreme Court.

The office, led by District Attorney Cyrus Vance Jr., subpoenaed Trump’s accounts in 2019, seeking access to tax returns and related documents during the eight years.

The DA’s office issued the subpoena after Trump’s former personal attorney Michael Cohen told Congress that he lied to tax authorities, the insurance company and his associates about the value of Trump is his property. The allegations are the subject of a fraud lawsuit that New York Attorney General Letitia James filed against Trump and his company in September.

Donald Bender, Trump’s longtime accountant, testified at the Trump Organization’s criminal trial that Trump reported losses on his annual tax returns for a decade, including $ 700 million in 2009 and $200 million in 2010.

Bender, a partner at Mazars USA LLP who spent years preparing Trump’s personal tax returns, said Trump’s reported losses from 2009 to 2018 were saw job losses at some of the many businesses he owns through the Trump Organization.

The Trump Organization was indicted earlier this month on tax fraud charges for helping some executives avoid taxes on corporate benefits such as real estate and luxury cars.

Current Manhattan District Attorney Alvin Bragg told The Associated Press in an interview last week that his office’s investigation into Trump and his company.

“We will follow the situation and continue our work,” Bragg said.

Trump, who refused to release his returns during his 2016 presidential campaign and four years in the White House while saying he was under IRS scrutiny, has argued that little little was available on his tax return even though he fought to keep it. special.

“You can’t learn much from tax returns, but it’s illegal to issue them if you don’t own them!” He complained on social media over the weekend.

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Kinnard reported from Columbia, South Carolina. Associated Press writers Michael R. Sisak and Jill Colvin in New York contributed to this report.



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