Similar Stories to Trump May Owe $100 Million To Irs For Tax Shenanigans on Bing News

A ProPublica and New York Times investigation found that a lengthy IRS audit concluded Donald Trump took the same huge deduction twice. As one of their tax experts put it, “I think he ripped off the tax system.” From ProPublica: Former President 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.

Sections:  politics   
BING NEWS:
  • The IRS wants to end another major tax loophole for the wealthy and raise $50 billion
    The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade ...
    06/17/2024 - 2:18 am | View Link
  • Latest IRS effort to target wealthy tax cheats could raise $50 billion over a decade
    The Internal Revenue Service announced Monday its latest move to crack down on wealthy tax cheats – an ongoing effort boosted by funding received through the Democrat-backed Inflation Reduction Act.
    06/17/2024 - 1:45 am | View Link
  • $3.4 trillion in individual tax cuts are expiring next year. Biden and Trump would handle it very differently
    President Joe Biden and former President Donald Trump, the presumptive 2024 presidential nominees, have already laid out general positions on how they’d handle the lapsing provisions of the 2017 Tax ...
    06/12/2024 - 11:00 pm | View Link
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