A senior adviser to President Donald Trump sought to clarify her remarks about the president’s tax returns on Monday in a statement that leaves open the possibility that Trump will never release them.
Kellyanne Conway, who managed Trump’s successful election campaign, said unconditionally on Sunday that Trump would not make his tax returns public. Then, on Monday, she posted on Twitter that Trump is “under audit and will not release until that is completed.” Her Monday statement echoed the justification Trump has offered since February 2016 for not releasing his tax documents.
In practical terms, that may mean the public never sees Trump’s returns while he’s in office. That’s because the Internal Revenue Service has administrative procedures that make the president’s tax returns subject to mandatory examinations every year. If that procedure remains in place, Trump might remain under audit throughout his presidency.
A White House spokesman didn’t immediately return a message seeking comment. The IRS press office didn’t immediately respond to an e-mail asking if the procedure will continue going forward. (more...)
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| Financial fandance |
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