Irs Audit Could Cost Trump More Than $100 Million

“Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower,” according to an IRS inquiry uncovered by ProPublica and the New York Times. “Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million.” “The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Trump.

Topics:  irs   propublica   new york   times    losing    the   chicago river   great recession    but   trump   audit   cost   million   tax   claim   losses   
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