President Trump can release his tax returns whenever he chooses to. Here are other answers to common questions as he others call for transparency and a report that he paid $750 in taxes.
President Trump’s tax returns are once again in the national spotlight, after athat he paid $750 in federal income taxes in 2016 and 2017 and no taxes for many other recent years. That result stemmed from money-losing businesses, various tax credits and questionable deductions, according to the Times.
The president has said the report is false and that he has paid millions of dollars in taxes, but he has . The Times report couldn’t be independently verified; Republicans are seeking government investigations into the disclosure.Yes. He can release his tax returns whenever he wants to. That has been true all along.
He has said that he doesn’t want to release them during an audit, but there is no law or rule against that. In fact, presidents are required to be audited under an Internal Revenue Service procedure, and that never stopped his predecessors from releasing their returns. He has also declined to release returns from years no longer under audit.
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