(Ranked 5 on Cribbage GD (Gaming Safari) Ladder) on December 07, 2022 at 23:26:17:
Accountant testifies Trump claimed decade of huge tax losses
NEW YORK (AP) — Donald Trump reported losses on his tax returns every year for a decade, including nearly $700 million in 2009 and $200 million in 2010, his longtime accountant testified Tuesday, confirming long-held suspicions about the former president’s tax practices. Donald Bender, a partner at Mazars USA LLP who spent years preparing Trump’s personal tax returns, said Trump’s reported losses from 2009 to 2018 included net operating losses from some of the many businesses he owns through his Trump Organization. “There are losses for all these years,” said Bender, who was granted immunity to testify at the company’s criminal tax fraud trial in Manhattan. The short exchange amounted to a rare public discussion of Trump’s taxes — which the Republican has fought to keep secret — even if there was no obvious connection to the case at hand. A prosecutor, Susan Hoffinger, questioned Bender briefly about Trump’s taxes on cross examination, at one point showing him copies of Trump tax paperwork that the Manhattan district attorney's office fought for three years to obtain, before moving on to other topics. The Trump Organization, the holding company for Trump’s buildings, golf courses and other assets, is charged with helping some top utives avoid income taxes on compensation they got in addition to their salaries, including rent-free apartments and luxury cars. If convicted, the company could be fined more than $1 million. https://apnews.com/article/business-new-york-manhattan-donald-trump-896e245936aaf71d26b1c29c0070c8eb