• Facebook
  • Twitter
  • Linkedin
BACK TAXES HELP
  • Tax Problems
    ▼
    • Tax Problems Overview
    • Audit
      ▼
      • Audits Overview
      • Audited and Can’t Pay
      • Avoid Tax Audit
      • Statute of Limitations
    • Business
    • IRS Letters
    • Tax Levy
      ▼
      • Tax Levy Overview
      • Bank Levy
      • IRS Asset Seizure
      • Protect Assets
      • Release Tax Levy
      • Social Security Garnishment
      • Tax Levy Appeals Process
      • Wage Garnishments
    • Tax Lien
      ▼
      • Tax Lien Overview
      • Release or Withdrawal of Tax Lien
      • Appeal Tax Lien
      • IRS Form 14135: Discharge Tax Lien
      • IRS Form 12277: Request Lien Withdrawal
    • Tax on Settlement of Consumer Liabilities
    • Tax Penalties
      ▼
      • Tax Penalties Overview
      • Failure to File Penalty
      • Failure to Pay Penalty
      • IRS Interest Underpayment
      • Late Filing Penalty
      • Late Payment Penalty
      • Tax Evasion
      • Tax Fraud
      • Trust Fund Recovery Penalty
    • Unfiled Taxes
      ▼
      • File Back Taxes
      • Unfiled Taxes Return
      • Unfiled Tax Return Consequences
    • Unpaid Taxes
      ▼
      • Unpaid Taxes Overview
      • IRS Collections: How The Process Works & How to Stop It
      • Find Out Tax Amount Owed
      • IRS Statute of Limitations
  • Tax Solutions
    ▼
    • Tax Solutions
    • Bankruptcy
    • IRS Tax Appeal
      ▼
      • IRS Tax Appeal Overview
      • IRS Collection Due Process (CDP)
      • Collection Appeals Program (CAP)
    • Payment Plans
      ▼
      • Payment Plans Overview
      • Installment Agreements
      • Short-Term Extension
    • Tax Settlement
      ▼
      • Tax Settlement Overview
      • Innocent Spouse Tax Relief
      • Offer in Compromise
      • Penalty Abatement
      • Prove Financial Hardship
      • Tax Negotiation
  • State Tax Relief
  • About Us
    ▼
    • About BackTaxesHelp
    • Tax Professionals
      ▼
      • Tax Professionals Overview
      • CPA
      • IRS Enrolled Agent
      • Tax Attorney
      • Tax Resolution Services
      • Taxpayer Advocate Services
      • Low Income Taxpayer Clinic
      • Tax Relief Scams
    • Tax Services
      ▼
      • Our Tax Services
      • Tax Process
    • Testimonials
    • Our Team
    • Get A Quote
  • Resources
    ▼
    • Resources Overview
    • Back Taxes FAQ
    • Forms: IRS and State
    • How To
    • IRS Phone Numbers
    • Power of Attorney
    • Tax Filings
  • Tax Blog
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Back Taxes Help HomepageBack Taxes Help

Get tax help

Call for a Free Consultation800-928-5035
Call for a Free
Consultation
800-928-5035
  • Tax Problems
    • About Tax Problems
    • Audit
    • Business
    • IRS Letters
    • Tax Levy
    • Tax Lien
    • Tax on Settlement of Consumer Liabilities
    • Unfiled Taxes
    • Unpaid Taxes
  • Tax Solutions
    • About Tax Solutions
    • IRS Tax Appeal
    • Repayment Plans
    • Tax Settlement
  • State Tax Relief
  • About Us
    • About BackTaxesHelp
    • Tax Professionals
    • Tax Services
    • Testimonials
    • Our Team
    • Get a FREE Quote
  • Resources
    • Tax Resources
    • Back Taxes FAQ
    • Forms: IRS and State
    • How To
    • IRS Phone Numbers
    • Power of Attorney
    • Tax Filings
  • Tax Blog
Home / Entertainment / Does Donald Trump Hiding Something With His Taxes?

Does Donald Trump Hiding Something With His Taxes?

September 22, 2016 By Kent Livingston

  • Facebook
  • Twitter
  • Linkedin

Tax professionals

You gotta love this time of year. Football is back, the kids are in school all day and those warm summer nights have turned into brisk fall mornings. Of course, there is that ongoing presidential election thing going on, too. Whether or not you love it, or simply tolerate it, election coverage is at every turn. Each of the candidates spends his or her days talking him or herself up, while never passing on the opportunity to bash his or her opponent. It makes for a lot of interesting fodder for political analysts and for those voters who enjoy the back-and-forth banter. Whether it’s Hilary Clinton’s health, or her email server, or Donald Trump’s polarizing statements regarding immigrants or whether or not he should release his tax returns, there is no shortage of material for everyone involved to comment on.

What Does He Have to Hide?

Speaking of those tax returns, which have been an ongoing debate in this election year, it looks as though the republican nominee, Donald Trump might just end up being the first presidential candidate for either party not to make his returns public. Despite the outcries by Clinton and many others on the left that he is trying to hide something, Trump continues to claim that no one really cares about his tax returns. So why won’t Trump release his returns? Does he really have something awful to hide? Of course, if you ask anyone who opposes Trump they will tell you that his reluctance to make his returns public is a certain sign that he is trying to hide a major bombshell. Trump says that is not the case. The reason he won’t release them is very simple.

Ongoing IRS Audit

According to Trump, he claims that he can’t release his tax records because he is currently being audited. In fact, Trump claims that the IRS has audited him routinely for the last 12 years. While that may or may not be true, tax lawyers say that being audited does not preclude him from sharing his returns. However, Trump claims that he will not share them until his audit is completed on the advice of his own tax attorneys. To be clear, according to Trump’s tax lawyers the IRS has completed a review of his returns from 2002 through 2008, but that a separate review of his returns beginning in 2009 and going forward is still ongoing.

Is it All About Perception?

So now to the real crux of the matter, does trump have anything to hide? Is there really an awful bombshell that will change the face of the election? While it’s impossible to say for sure without full disclosure, chances are the reasons for his withholding could be quite simple. For one, there is a good chance that Trump’s tax rate is quite low, as it is with many wealthy individuals who make most of their income from capital gains, and who use several tax loopholes to keep their effective tax rate down. This could provide political ammunition for his detractors if it appears he is not paying his fair share of taxes, which is always an issue with many of the nation’s lower- and middle-class voters

Other Possible Reasons

Dallas Mavericks’ Owner Mark Cuban recently suggested another possible reason for Trump’s refusal. He said it simply could be that his returns don’t match the picture of wealth he has painted of himself, which could hurt his brand and his ego. In other words, if he has had a down year or two, and his wealth isn’t as great as he claims that wouldn’t look good with the public image, he has created. Still some suggest that his returns would be an embarrassment to him because they would show his actual donations to charity, which might not be as grand as Trump claims. There are also many reports of bad business ventures and dealings, which could also be brought to light if he made his returns public. Of course, no one knows for sure outside of Trump and his tax attorneys, but chances are the reasons for his reluctance are less about terrible election-altering bombshells and more about his ego and pride.

Primary Sidebar

Tax Problems?





Categories

  • Business Taxes
  • Celebrities
  • Entertainment
  • FAQ
  • Filing Taxes
  • How To
  • Installment Agreements
  • Payment Plans
  • State Taxes
  • Tax Audit
  • Tax Credits & Deductions
  • Tax Filing Extension
  • Tax Help
  • Tax Law Changes
  • Tax Levy
  • Tax Lien
  • Tax News
  • Tax Opinion
  • Tax Settlements
  • Tax Tips

SUCCESS STORIES

  • "I was in a tough situation. I didn’t have much money and I couldn’t pay my tax balance.  I was able to pay off my taxes over time with an agreement. Thanks again!"
    ~ Brian J., Orange, CA

  • "Thank you so much for your diligence in taking care of our situation. You were always available when we needed to ask questions, and you should be proud of your professional handling of our case!"
    ~ Mr. Wilson, Taylor, TX

  • "I had used another company previously, and I had concerns initially but you guys put me in good hands and in no time flat. This is such a weight off of my shoulders."
    ~ Mr. Szramiak, Philadelphia, PA

  • "My back taxes had been haunting me for years & the bank levy happened so quickly; I’m glad I had I requested a free consultation. Everyone is astonished they got all my money back so soon. I am eternally grateful!"
    ~ Mr. Mason, Minneapolis, MN

Resolve Your Tax Problems Today!

GET A FREE TAX ANALYSIS

Footer

53 Halloween Blvd.
Stamford, CT 06902
PH: 203-813-7549
Toll Free: 800-928-5035
admin@backtaxeshelp.com
Call for a Free Consultation
800-928-5035

facebooktwitter
Back Taxes Help
  • Resources
  • Sitemap
  • Privacy Policy
  • Terms of Use
  • Contact
  
Back Taxes Help BBB Business Review
Privacy Seal
Security Seal
ASTPS
  

Copyright © 2023 BackTaxesHelp.com


Disclaimer: We are not affiliated with the IRS, any private tax collector, or any state tax agency. The information provided on this website is for general educational or informational purposes only. Nothing on this website should be interpreted as legal or tax advice for any individual or business tax case. Before taxpayers sign up with a tax relief or tax resolution company, they should request a free consultation in order to understand how tax relief services work and the associated costs. The free consultation comes with no obligation to use any product or services. In many cases, a reputable tax resolution firm can provide taxpayers with relief.  

Scroll Up