jhu72 wrote: ↑Wed Oct 07, 2020 1:22 pm
njbill wrote: ↑Wed Oct 07, 2020 1:15 pm
jhu72 wrote: ↑Wed Oct 07, 2020 1:00 pm
this deduction stood out like a bad combover.
It would be sweet justice, wouldn’t it, if The Donald went to jail for deducting hairstyling expenses?
There is no doubt they have him dead on this. Those emails, notes between Trump and accountant are going to show the accountant warning DJT that this is an illegal deduction, and DJT saying go ahead and take it. At least that's how it would have to work between myself and my accountant.
... or maybe his accountant doesn't mind taking the fall.
legal or accounting experts --- maybe i read this wrong, article(s) say the $70 k plus were deductions taken from 2004 - 2007? and that civil penalties have no statute of limitations, but criminal 3 years from filing as a result of an audit? so how would he face criminal penalties for the hair? also, does it matter that it was trump's production company that took the expense?
in any event, what i pieced together previously is that... he is under audit since 2011. that could go back to... possibly 2007 year taxes for criminal penalties? depending on when he filed. 2007 deduction was $2,500 on the hair. the $73 million in business expenses taken from 2010 on, widely quoted --- seems like that number at least isn't where the irs started? though trump seems like he/+ accountant haven't been shy about taking deductions since.
re: hair, supposedly trump (or trump productions) had been taking deductions for ivanka's hair up until 2013. if he's going down for hair, in the absence of other evidence or opinion, this amateur sleuth predicts he goes down for ivanka's hair.