A report on Donald Trump’s federal income taxes was released after a House panel votes to make public redacted copies of his tax returns.
Only one of Donald Trump’s annual federal income tax returns began being audited by the IRS when he served as president, despite the agency having a policy dating to 1977 of conducting mandatory tax examinations of sitting presidents, a House committee said in a new report Tuesday evening.
And that IRS audit of Trump’s 2016 income tax return was not completed by the time he left office in January 2021, the report by the Ways and Means Committee found.
And neither of two Trump-related business entities that the IRS told the committee were part of the mandatory examination program was designated for an audit in five of the six years covered by an investigation, according to the report.
And in that sixth year, in 2017, there is „no indication“ the entities‘ tax returns were designated for audit, the report found.
„Clearly, the mandatory audit program was dormant, at best, during the prior Administration,“ the report said.
The report was released shortly after the Democratic-led panel voted along party lines to authorize the public release of redacted copies of Trump’s federal tax returns and those of eight related business entities in coming days.
Those returns were obtained from the IRS after Trump lost a three-year legal battle, which ended with the Supreme Court ruling against him, in an effort to prevent the committee from getting the records.
