Monday, August 31, 2020

Does Cy Vance Already Have the Trump Organization Tax Returns?

Michael Cohen's Trump checks: Cohen shows Congress two $35,000 'hush money'  reimbursement payments - The Washington Post
I've long wondered why this obvious indictment has not been filed.  Martin J. Sheil, a former IRS tax investigator explains why Vance needs the accountants records. - gwc
Does Cy Vance Already Have the Trump Organization Tax Returns?
by Martin J. Sheil
"The inclusion of taxes in the reimbursement payments by the Trump Organization indicates that these payments were treated as a business expense on the Trump business records, which would then flow through to the tax returns unless flagged by some executive prior to submission to the relevant tax authorities. If the deduction were not corrected then, flagrantly false tax returns would have been prepared, subscribed to, and submitted, based on the prior falsification of the business deduction for legal expenses."
Tax crooks have long raised their hands in innocence and then pointed their fingers at the hired hands claiming, “it was all their idea” with regard to any alleged tax fraud.
"A viable tax fraud indictment cannot proceed until this defense is cut off. This may explain the intense legal struggle over the Mazars USA subpoena. The Mazars USA files will include much more than completed tax returns. Draft tax returns, financial statements, correspondence, emails, texts, and notes to the file containing direction from the taxpayer client to the preparer will likely be found in the Mazars USA files accompanied by the accountant’s work papers and notes to the file."

No comments:

Post a Comment