US EditionTrump Faces Potential Multi-Million Dollar Tax Bill in Chicago Tower IRS Audit
- Former President Donald Trump is at risk of owing over $100 million to the IRS due to potential tax discrepancies related to a Chicago skyscraper, as reported by The New York Times and ProPublica.
- The New York Times and ProPublica's findings were based on a year-long audit and public filings.
- The audit raised concerns about Trump's handling of tax losses, which could result in a substantial bill from the IRS.
61 Articles
61 Articles
Donald Trump has always presented the fact that he paid only a small amount of taxes in the past as proof of his cleverness. In one case, however, he could have taken it too far with tax optimization.
Donald Trump could owe more than $150m in taxes after claims of 'financial losses'
Former US president Donald Trump could owe more than $US100 million ($150 million) in taxes as a result of a years-long Internal Revenue Service inquiry into claims of huge losses on his Chicago skyscraper, The New York Times and ProPublica reported yesterday.The news organisations reported Trump claimed massive financial losses twice — first on his 2008 tax return, when he said the building, then mired in debt, was "worthless", and again after …
Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported. According to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica, Trump used a "dubious accounting maneuver" to claim improper tax breaks from his troubled Chicago tower. The 92-storey, glass…
An investigation conducted by ProPublica and The New York Times shows that Trump could owe more than $100 million in taxes as a result of an IRS audit
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