New York Officials Expand Investigation To Include Trump’s Tax Write-offs

The offices of the Manhattan District Attorney and New York Attorney General have subpoenaed the Trump Organization for tax records related to millions in consulting fees. 

A source familiar with the investigation reported that the consulting fees were written off on the organization’s taxes, according to a report by CNN

The New York Times first investigated Donald Trump’s tax history, which showed the president took $26 million in tax write-offs from fees paid to consultants. 

One of those fees matches a $747,000 payment his daughter Ivanka Trump, received. According to the report and investigation, there is no indication that she improperly accounted for the payment. 

“Everything was done in strict compliance with applicable law and under the advice of counsel and tax experts,” Alan Garten, a lawyer for the Trump Organization said to the Times

“All applicable taxes were paid and no party received any undue benefit,” he said. 

This tax investigation is just one of many legal battles Trump must deal with after he leaves the White House in January. 

The Supreme Court is set to make a ruling in the district attorney’s battle to get Trump’s tax returns soon. 

That investigation could include a wide range of possible financial charges Trump could face from insurance fraud or tax fraud. 

New York Attorney General Leticia James began investigating the financial inner workings of the Trump Organization in 2019. James’ is determining if Trump violated tax laws by inflating the value of assets. According to CNN’s report, her office is examining at least four Trump properties. 

Photo: Getty Images

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