The investigation into Mr. Weisselberg focuses partly on whether he failed to pay taxes on valuable benefits that Mr. Trump provided him and his family over the years, including apartments and leased cars as well as tens of thousands of dollars in private school tuition for at least one of his grandchildren.
———————————————————————-
So the Clinton’s and Podesta’s get caught red handed, hiding millions, and are allowed to amend their taxes and nothing happens.
What this guy may or may not have done hasn’t even been decided. But his case could potentially go to a grand jury, where he can’t refute any of the corrupt testimony from Vance or James, and be indicted.
Got it.
I wonder if any of the legal minds on here could weigh in and opine on whether or not what the Clinton’s and Podesta’s did would be an affirmative defense.
Isn’t the tax code a federal thing? If so how would a State AG or county DA have jurisdiction over any of it? They could do an investigation, of course, but they would have to turn it over to the DOJ, wouldn’t they?
All because one man wanted to get things right. Insane.
New York State and City have their own income taxes.
“The investigation into Mr. Weisselberg focuses partly on whether he failed to pay taxes on valuable benefits”
In general the IRS has 3 years assess taxes unless there is a 25% omission of gross income. (Or you fail to declare that you are on the board of, or are more than 50% owner in a foreign corporation on a specific form. Failure to do this opens you up for a something like 10 years worth of back audits if the IRS chooses to do so.)
I suspect that the statute to assess has probably run out on most of the perks he recieved unless the benefits exceed 25 percent of his gross.
Couple this with having to muck through amending all his federal and NY State returns and this probably falls in the category of vexatious litigation.