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Wednesday, November 23, 2022

Supreme Court clears way for Caraviello tax returns to go to Chief Buckley

 

Supreme Court clears way for Trump tax returns to go to Congress

 https://www.washingtonpost.com/politics/2022/11/22/supreme-court-trump-taxes/

 

 

 https://news.yahoo.com/trump-organizations-outside-accountant-testifies-011016142.html

Instead, prosecutors alleged executives received the bulk of their annual bonuses in separate checks from a variety of Trump Organization subsidiaries, as if they had worked the previous year as freelancers or contractors for Wollman Rink, Mar-a-Lago, the Trump International Golf Club in Palm Beach, Florida, and even Trump Productions, which produced "The Apprentice."

That way, prosecutors alleged, the company saved on withholding and got to write off the checks as subsidiary expenses. Meanwhile, the executives were able to claim the checks as freelance income, which allowed them to stash some of that money in tax-free savings accounts available only to the self-employed.

For example, in 2015, the Trump Organization paid out $1.1 million in executive bonuses and paid Allen Weisselberg, its chief financial officer, a $300,000 bonus, according to documents.

Of that, $100,000 was paid properly, as compensation claimed on Weisselberg's W-2 wage statement for that year.

But $75,000 of the bonus was paid to him in a check from Wollman Rink, as if the now-75-year-old CFO had moonlighted that year at the famed Central Park skating rink.

 

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