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progree

(10,907 posts)
5. No law exists barring people from releasing their tax returns during an audit
Sat Aug 13, 2016, 02:12 PM
Aug 2016
NPR spoke with three tax experts, two of whom wanted to talk on background only. They included one former high-ranking government official.

Their conclusion: No law exists barring people from releasing their tax returns during an audit.

Source: http://www.npr.org/2016/02/26/468278769/fact-check-donald-trump-cant-release-his-taxes-while-being-audited



“Nothing prevents individuals from sharing their own tax information,” the IRS said in a statement.

But while tax law does not prevent Trump from releasing his returns, waiting until his audit is completed may be beneficial, experts said.

“It might not be smart” for Trump to release his returns while under audit, said Robert Kovacev, a tax lawyer at Steptoe & Johnson and a former counsel in the Justice Department’s tax division.

If Trump releases his returns and the media focuses on certain transactions, the IRS may then scrutinize those transactions as well, even if the agency otherwise would not have done so or the transactions were innocuous, Kovacev added.

... Trump said shortly after the debate that the IRS may be targeting him because he is Christian. But the IRS said they do not audit people based on their religion and politics.

Source: http://thehill.com/policy/finance/270964-irs-nothing-prevents-trump-from-releasing-tax-returns


Given the baloney that is likely in those tax returns, I'm sure it wouldn't be smart for him whether or not he is being audited. Baloney like the IRS is after him because he is a Christian.
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