The Tax Man Cometh For Former President Trump
When twice-impeached former president Donald Trump’s Senate trial for the high crime of inciting the Jan. 6 riot at the U.S. Capitol concludes that won’t be the end of his legal troubles. As has widely been reported Trump is facing criminal and civil investigations in New York state over alleged financial fraud. On Wednesday the prosecutor in Fulton County, Georgia, disclosed she has opened a criminal inquiry into Trump’s aggressive efforts to get state officials to overturn results of the presidential election in his favor.
Now that he no longer enjoys the protection of being a sitting president Trump also is facing new scrutiny from the Internal Revenue Service (IRS) over a massive tax refund he claimed in 2010 that he may not be entitled to. Since he declared his candidacy for president in 2016 Trump has said he would do what all candidates have done since the 1970s and release his tax returns if only they weren’t under audit. He never said which years were being examined by the IRS and there’s no law prohibiting him from having released them.
He also faces the difficulties of having the Democratic-controlled Joint Committee on Taxation being poised to renew efforts to obtain his tax returns and the loss of the lead law firm that handled his tax matters having fired him as a client after the Capitol Hill riot.