On Sunday, the New York Times reported it had obtained nearly two decades’ worth of President Trump’s tax information. Since then, most public attention has focused on what the Times reported about Trump’s federal income tax payments: He paid just $750 for the year in 2016, and then another $750 for 2017.
But the Times story also revealed three arrangements in which Trump’s company used the U.S. tax code to its benefit — to lower Trump’s taxes, or to make the IRS refund tens of millions in taxes he had already paid.
In these three cases, tax law experts say, Trump’s company ventured into complex legal territory — areas in which other companies have faced penalties for stretching the rules too far. Both the Trump Organization and the IRS did not respond to requests for comment. Continue reading.