“The New York attorney general sued President Trump and his foundation on Thursday. But his bigger problem might be with the Internal Revenue Service,” the New York Times reports.
“For example, the I.R.S. could seek to revoke the foundation’s tax-exempt status. The agency could even do so retroactively, which would stick the foundation with a corporate tax bill going back years… That is the sort of information that investigators would weigh in determining whether he should be charged with filing a false tax return.”
Said criminal tax lawyer Jenny Johnson Ware: “People have gone to prison for stuff like this.”Save to Favorites