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The Laughable Pivot Some in the Media Are Taking Over Trump’s Tax Returns

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. . .The liberal obsession with Trump’s tax returns did lead to media leaks. The New York Times and other outlets obtained past returns, with the Times proceeding to write lengthy exposes that no one read. It also found no ties to Russia, which further torched the collusion delusion that engulfed progressive America.

Now, with no evidence of felonious activity, the Times is pivoting to say that the latest trove of returns, the big reveal, showed that the former president’s business prowess isn’t what was advertised (via NYT):

House Democrats released six years of former President Donald J. Trump’s tax records on Friday, offering new insight into his business dealings that further undermined his long-cultivated image as a wildly successful businessman.

The release on Friday morning contained thousands of pages of tax documents, including individual returns for Mr. Trump and his wife, Melania, as well as business returns for several of the hundreds of companies that make up his sprawling business organization. It followed the release of reports from Democrats on the Ways and Means Committee that showed Mr. Trump had paid a total of $1.1 million in federal income taxes in the first three years of his presidency, but paid no tax in 2020 as his income dwindled and losses mounted.

The document disclosure drew rebukes and threats of retaliation from Mr. Trump and his Republican allies in Congress, who suggested that once their party takes over the House on Jan. 3, they may seek to disclose tax returns filed by Democratic politicians, Supreme Court justices and members of President Biden’s family, such as his son Hunter.

(Read more from “The Laughable Pivot Some in the Media Are Taking Over Trump’s Tax Returns” HERE)

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The Longest Witch Hunt Goes on… Democrats Release Trump’s Tax Returns Before Losing Power; Trump Reacts

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Democrats in control of the U.S. House Ways and Means Committee released six years of former President Donald Trump’s tax returns on Friday, an unprecedented intrusion that revealed nothing in particular.

The release marked the first time Congress had ever obtained and published the tax returns of any individual.

The six years of newly-released returns, covering the years 2015 through 2020, show that Trump paid a total of $4.4 million in federal income taxes over that period, with an adjusted gross income of -$53.2 million. “The Trumps paid some form of federal taxes every year, but they reported income-tax liability of $750 or less in three of the six years,” the Wall Street Journal noted. Democrats point to some potential problems. They claim that Trump’s tax returns as president were not properly audited by the IRS (a claim the IRS disputes). They also complained about charitable deductions and whether loans to his children should have been taxed as income. . .

However, there appeared to be few bombshells. In a statement on Truth Social, his social media platform, the former president said the returns showed “how proudly successful I have been” and warned that “the Democrats should never have done it.”

Republicans echoed the latter sentiment, saying the release of the tax returns seemed to have a purely political motive, and opened the door for Republicans to do the same in future. (Read more from “The Longest Witch Hunt Goes on… Democrats Release Trump’s Tax Returns Before Losing Power; Trump Reacts” HERE)

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The Trump Rule: House Passes Bill Requiring Yearly Audit of President’s Taxes

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The House of Representatives passed a bill mandating annual reviews of a president’s tax returns Thursday, following the move to publicly disclose of former President Donald Trump’s elusive tax returns earlier in the week. (Read more from “The Trump Rule: House Passes Bill Requiring Yearly Audit of President’s Taxes” HERE)

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Feds Balk at Releasing Docs Showing IRS Sharing Tax Returns with White House

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Photo Credit: Washington Examiner

Photo Credit: Washington Examiner

Feds Balk at Releasing Docs Showing IRS Sharing Tax Returns with White House

By Paul Bedard.

Less than a week after ’fessing up that it found some 2,500 documents potentially showing that the IRS shared taxpayer returns with the White House, the Obama administration has reversed course and won’t release the trove to a group suing for access.

In an abrupt decision, the Treasury inspector general’s office said that the documents are covered by privacy and disclosure laws and can’t be provided to Cause of Action, despite a promise last week to hand over some 2,500.

The decision coincides with publication by the Washington Examiner this week of “Watchdogs, lapdogs and attack dogs,” a four-part series examining the successes and failures of the inspectors-general system, including multiple instances in which IGs provided cover for agency managers seeking to avoid more rigorous evaluations.

Read more from this story HERE.

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Photo Credit: Daily Caller

Photo Credit: Daily Caller

Obama Administration REFUSES To Release Documents About White House Role in IRS Scandal

By Patrick Howley.

The Obama administration said that it is withholding all of the thousands of pages of documents related to the White House’s coordination with the Internal Revenue Service (IRS) during the IRS conservative targeting scandal.

Secretary of the Treasury Jacob Lew, Obama’s former White House Chief of Staff, took the documents that were set to be released and now refuses to ever turn them over. His rationale? Lew cannot release information about improper disclosures of confidential taxpayer information because that would be an improper disclosure of confidential taxpayer information.

The Daily Caller reported that the Treasury Department’s inspector general found nearly 2,500 pages of documents that chronicle investigations into the confidential taxpayer information that the White House exchanged with the IRS.

Read more from this story HERE.

IRS Sent $46 Million in Refunds to 23,994 ‘Unauthorized’ Aliens at a SINGLE Atlanta Address

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Photo Credit: IRS

Photo Credit: IRS

The Internal Revenue Service sent 23,994 tax refunds worth a combined $46,378,040 to “unauthorized” alien workers who all used the same address in Atlanta, Ga., in 2011, according to the Treasury Inspector General for Tax Administration (TIGTA).

That was not the only Atlanta address theoretically occupied by thousands of “unauthorized” alien workers receiving millions in federal tax refunds in 2011. In fact, according to a TIGTA audit report published last year, four of the top ten addresses to which the IRS sent thousands of tax refunds to “unauthorized” aliens were in Atlanta.

The IRS sent 11,284 refunds worth a combined $2,164,976 to unauthorized alien workers at a second Atlanta address; 3,608 worth $2,691,448 to a third; and 2,386 worth $1,232,943 to a fourth.

Other locations on the IG’s Top Ten list for singular addresses that were theoretically used simultaneously by thousands of unauthorized alien workers, included an address in Oxnard, Calif, where the IRS sent 2,507 refunds worth $10,395,874; an address in Raleigh, North Carolina, where the IRS sent 2,408 refunds worth $7,284,212; an address in Phoenix, Ariz., where the IRS sent 2,047 refunds worth $5,558,608; an address in Palm Beach Gardens, Fla., where the IRS sent 1,972 refunds worth $2,256,302; an address in San Jose, Calif., where the IRS sent 1,942 refunds worth $5,091,027; and an address in Arvin, Calif., where the IRS sent 1,846 refunds worth $3,298,877.

Read more from this story HERE.

H&R Block Error May Delay Hundreds of Thousands of Tax Returns

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Photo Credit: cnycentral

If you haven’t received your tax refund, it could be due to an issue by the nation’s biggest tax preparer.

According to the Wall Street Journal, H&R Block “bungled more than 600,000 tax returns, delaying refunds by as much as six weeks.”

The website MarketWatch reports H&R Block “improperly filed Form 8863, leaving a mandatory field blank.” The form is used to claim educational credits. The error apparently impacts about 10 percent of the 6.6 million tax returns containing Form 8863.

Read more from this story HERE.

Romney: I’m Reluctant to Release Tax Returns Because of Tithing to Mormon Church

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Photo credit: Tim Pearce

Republican presidential candidate Mitt Romney said in an interview to be published Sunday that one reason he’s reluctant to release his tax returns is that they reveal how much money he and his wife have given to the Mormon church.

In an interview with Parade Magazine, Romney said his church “doesn’t publish how much people have given.”

“This is done entirely privately,” Romney told Parade. “One of the downsides of releasing one’s financial information is that this is now all public, but we had never intended to our contributions to be known.”

Romney said his contributions to his church are “a very personal thing between ourselves and our commitment to our God and to our church.”

Democrats have hammered Romney for refusing to release any tax returns beyond his release of his 2010 return and a summary of last year’s tax information. He has said he plans to release his full 2011 return before the Nov. 6 election.

Read more from this story HERE.

Obama’s classmate certain Columbia University secret threatens presidency

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I am President Obama’s classmate at Columbia University, Class of ’83. I am also one of the most accurate Las Vegas oddsmakers and prognosticators. Accurate enough that I was awarded my own star on the Las Vegas Walk of Stars. And I smell something rotten in Denmark. Obama has a big skeleton in his closet. It’s his college records. Call it “gut instinct” but my gut is almost always right. Obama has a secret hidden at Columbia- and it’s a bad one that threatens to bring down his presidency. Gut instinct is how I’ve made my living for 29 years since graduating Columbia.

Obama and his infamous strategist David Axelrod understand how to play political hardball, the best it’s ever been played. Team Obama has decided to distract America’s voters by condemning Mitt Romney for not releasing enough years of his tax returns. It’s the perfect cover. Obama knows the best defense is a bold offense. Just keep attacking Mitt and blaming him for secrecy and evasion, while accusing him of having a scandal that doesn’t exist. Then ask followers like Senator Harry Reid to chase the lead. The U.S. Senate Majority Leader appears to now be making up stories out of thin air, about tax returns he knows nothing about. It’s a cynical, brilliant, and vicious strategy. Make Romney defend, so he can’t attack the real Obama scandal.

This is classic Axelrod. Obama has won several elections in his career by slandering his opponents and leaking sealed documents. Not only do these insinuations and leaks ruin the credibility and reputation of Obama’s opponents, they keep them on the defensive and off Obama’s trail of sealed documents.

By attacking Romney’s tax records, Obama’s socialist cabal creates a problem that doesn’t exist. Is the U.S. Senate Majority Leader making up stories out of thin air? You decide. But the reason for this baseless attack is clear- make Romney defend, so not only is he “off message” but it helps the media ignore the real Obama scandal.

My answer for Romney? Call Obama’s bluff.  Romney should call a press conference and issue a challenge in front of the nation. He should agree to release more of his tax returns, only if Obama unseals his college records. Simple and straight-forward. Mitt should ask “What could possibly be so embarrassing in your college records from 29 years ago that you are afraid to let America’s voters see? If it’s THAT bad, maybe it’s something the voters ought to see.” Suddenly the tables are turned. Now Obama is on the defensive.

Read more from this story HERE.

Video: Trump lets it rip on Fox-Romney should give up tax returns when Obama gives us college, passport records

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I certainly don’t agree with Trump on everything, but this particular Fox interview was a home run. In it, Trump asks the question that every rational American should be thinking: why should Romney give up any additional tax returns when Obama is hiding virtually everything, spending at least $4 million to keep much of his past from public view?

Government gone wild: IRS paying billions in fraudulent tax refunds

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Photo credit: saturnism

The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers that are increasing “exponentially.”

In a new report to be issued Thursday, the inspector general for the IRS says that tax thieves are stealing the identities of taxpayers and then filing bogus returns on their behalf and collecting fraudulent refunds as a result.

The inspector general estimates that the IRS could issue as much as $21 billion in fraudulent tax refunds over the next five years.

The scam is so rampant that thieves are apparently sending in false returns in bulk without even bothering to change the mailing address on the returns. The inspector general said it found one residential address in Lansing, Michigan that was the source of an astonishing 2,137 tax returns, and to which the IRS directed more than $3.3 million in potentially fraudulent refunds.

In another case, a single residential address in Chicago was the source of 765 tax returns, generating more than $900,000 in potentially fraudulent refunds, the report said.

Read more from this story HERE.