Trump could owe more than $100 million in back taxes as a result of a yearslong Internal Revenue Service inquiry into claims of huge losses on his Chicago skyscraper, The New York Times and ProPublica reported Saturday.

The news organizations reported Trump claimed massive financial losses twice on the same building — first on his 2008 tax return, when he said the building, then mired in debt, was “worthless,” and again after 2010, when he had shifted its ownership into a new partnership also controlled by Trump.

[finance.yahoo.com]

so that is:
$83M to E Jean Carroll
$500M for civil fraud (and still counting at $600,000 a day in interest)
$100M to the IRS

He just needs to sell 12,000,000 bibles, the Maga faithful are good for it.

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“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late

Maybe Laura can get the GOP to pay his taxes too.

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Northern California Coast

When he wins the presidency he will just order them to change the minus sign in front of the $100 million to a plus sign and then we'll owe him the $100 million.

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e pluribus unum

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Ted King
When he wins the presidency he will just order them to change the minus sign in front of the $100 million to a plus sign and then we'll owe him the $100 million.

And he'll do it with a sharpie.

The IRS already audited Trump tax return for that year and settled his tax bill. Unless the IRS can find undisclosed information, even if they decide they were wrong, they can't change the audited return signed by both parties. Just another hail mary to spend tax dollars and try to stop Trump.

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"he is going to start WW3!!!!"

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Mr645
The IRS already audited Trump tax return for that year and settled his tax bill. Unless the IRS can find undisclosed information...

Apparently, not for 2008.

The 2008 claim resulted in Trump reporting losses as high as $651 million for the year, and there is no indication it drew an IRS challenge, the outlets reported. Then, Trump’s lawyers enabled further claims of losses in 2010 by shifting the Chicago tower into another partnership, “DJT Holdings LLC,” The Times and ProPublica reported.

In the years that followed, other Trump businesses, including golf courses, would be shifted into that same partnership — which his lawyers used as the basis to claim more tax-reducing losses from the Chicago tower. That move sparked the IRS inquiry. Those losses added up to $168 million over the next decade, the report said...

And regardless, the IRS can re-open any case on evidence of fraud.

[www.irs.gov]

Generally, a taxpayer can be subject to only one audit per tax year. The IRS may reopen an audit for a previous tax year if the agency finds it necessary. This could happen, for example, if a taxpayer files a fraudulent return...

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Quote
Mr645
The IRS already audited Trump tax return for that year and settled his tax bill. Unless the IRS can find undisclosed information, even if they decide they were wrong, they can't change the audited return signed by both parties. Just another hail mary to spend tax dollars and try to stop Trump.

Wrong again.

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It is what it is.

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N-OS X-tasy!

Quote
Mr645
The IRS already audited Trump tax return for that year and settled his tax bill. Unless the IRS can find undisclosed information, even if they decide they were wrong, they can't change the audited return signed by both parties. Just another hail mary to spend tax dollars and try to stop Trump.

Still Wrong again.

Fixed it for you.

Actually, it's another $100 million FROM Donny Boy.

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It is what it is.

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N-OS X-tasy!
Actually, it's another $100 million FROM Donny Boy.

Either way, it's money for the public good that we will never see...

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g=