HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Trump Tax-Returns Defende...

Thu Apr 4, 2019, 07:37 PM

Trump Tax-Returns Defender on Tap to Head IRS: Report

From January 25, 2018...

http://www.cfo.com/tax/2018/01/trump-tax-returns-defender-tap-head-irs-report/

Trump Tax-Returns Defender on Tap to Head IRS: Report
The choice of tax litigator Charles Rettig would reportedly break a two-decade precedent during which IRS chiefs tended to come from corporations.


President Trump is reportedly on the verge of naming Charles P. Rettig, a Beverly Hills tax lawyer who wrote that candidate Trump’s lawyers shouldn’t advise him to release his tax returns, as commissioner of the Internal Revenue Service.

“Is there any legal impediment to Trump publicly releasing his tax returns? Absolutely not,” Rettig, a tax litigator who has served more than 35 years at Hochman, Salkin, Rettig, Toscher & Perez and has represented clients before the IRS, said on February 28, 2016 in one of a number of columns he’s written for the “IRS Watch” section of Forbes.

“Would any experienced tax lawyer representing Trump in an IRS audit advise him to publicly release his tax returns during the audit? Absolutely not,” Rettig added. To date, President Trump, who Forbes reports as having a current net worth of $3.1 billion, hasn’t made his returns public.

snip//

In his Forbes column, Rettig wrote that candidate Trump’s tax team would “likely have their hands full responding to numerous informal and formal detailed inquiries by the IRS ‘Wealth Squad’ audit team assigned to his case” and wouldn’t want to help create a great detail of publicity by advising the candidate to release his returns.

More formally known as the Global High Wealth Industry Group of the IRS, the squad is “a specialized, experienced group of examiners solely focused on conducting audits of high-income/high-wealth taxpayers,” Rettig noted.

Recently, Rettig has been involved in discussions regarding the offshore voluntary disclosure programs of the IRS. As IRS commissioner, he would be extensively involved in making rules under the new U.S. Tax Cuts and Job Act, which mandates that U.S. corporations repatriate offshore earnings.


4 replies, 591 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Trump Tax-Returns Defender on Tap to Head IRS: Report (Original post)
babylonsister Apr 4 OP
Karadeniz Apr 4 #1
stillcool Apr 4 #2
mr_lebowski Apr 4 #3
suffragette Apr 4 #4

Response to babylonsister (Original post)

Thu Apr 4, 2019, 07:45 PM

1. I'd like to see a lot of officials get charged with obstruction.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to babylonsister (Original post)

Thu Apr 4, 2019, 07:59 PM

2. every which way...

to get rid of those pesky laws. Behind every great fortune is a crime.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to babylonsister (Original post)

Thu Apr 4, 2019, 08:02 PM

3. Isn't it convenient how people who write stuff saying everything Trump chooses to do is terrific

and perfectly logical/reasonable/not-corrupt ... keep getting put into high positions, by Trump, where they'll get to decide whether or not what he chooses to do is perfectly fine?

It's really an amazing coincidence ...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to babylonsister (Original post)

Thu Apr 4, 2019, 08:03 PM

4. Sounds like a similar job audition to Barr's. Protect Trump specifically - hey, you're hired.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread