In other unrelated but important news… The end is just beginning for T****.
Feb. 11, 2021 at 3:00 a.m. PST
Once his impeachment trial concludes and former president Donald Trump returns to his business, he will face some obvious challenges, such as declining real estate income and investigations from New York authorities.
But he may also have to finally face two tax issues that have been simmering in the background, either of which experts say could carry significant consequences should they materialize now that he is out of office.
One is a massive income tax refund Trump received before entering office, according to the New York Times, one that has quietly been under a years-long review by the Internal Revenue Service and a little-known congressional panel, the Joint Committee on Taxation.
The refund, which the IRS issued to Trump in 2010 for $72.9 million, according to the Times, could be a nonissue for Trump if the agency rules that it was issued appropriately and he should keep the funds.
But if the agency rules against him, he could be asked to pay it back with interest, handing him a debt of more than $100 million at a time when some of his biggest properties are suffering severe revenue losses and the law firm that handled his tax issues cut ties with him following the attack on the U.S. Capitol.
Only as these sorts of things come more and more into the daylight, will we begin to really understand how damaging the last four years have been.
We think we know but i am willing to wager that a year from now we will look back to right now and realize just how close we came to catastrophe, closer than we even now imagine.
Presumably this story leaked on purpose to reveal the Biden Administration’s DOJ will follow the law and investigate Rudy Giuliani’s election law violations.
Well, Rudy, all your crude scheming has come back to bite you. I always feel a little funny when they throw the really old fellers in prison but for you I’ll make an exception. Hope it was fun while it lasted.
Trump’s not in charge now, so where are the search warrants? I’ve not been impressed with Rudy’s discretion, so I’m guessing there is a treasure trove of incriminating info in those emails.
In another life Rudy and the Don had to be speed skaters…never saw two criminals get away Scott free from so many iterations of prosecutable infractions…they are truly criminal heavyweights…
Zero chance they didn’t give Rudy a heads-up that this investigation was down-range so he could do an evidence purge. Zero. Consider the desperation of Rudy’s attempts to overturn the election result and his frantic attempts to squeeze a last minute pardon out of Trump after the attempt failed.
He didn’t fear, or suspect, he might be investigated. He knew it was in the pipeline, just awaiting a change of administration.