Tag: IRS

Trump’s IRS Nominee Failed to Disclose Trump-Linked Property Ownership

The following article by Aaron Lorenzo was posted on the Politico website June 27, 2018:

The revelation about the hotel seems certain to come up when Chuck Rettig testifies before the Senate Finance Committee on Thursday.

Pres. Trump’s pick to run the IRS, tax lawyer Chuck Rettig, owns properties at the Trump International Hotel Waikiki and Tower. Credit: Patrick Baz, AFP/Getty Images

President Donald Trump’s pick to run the IRS, tax lawyer Chuck Rettig, owns properties at the Trump International Hotel Waikiki and Tower.

He’d previously disclosed his 50 percent stake in a pair of Honolulu rental units, but not their specific location. That detail was discussed later, at a June 21 meeting with congressional staff, according to a memo obtained by POLITICO.

Trump typically gets fees on sales for licensing his name. Continue reading “Trump’s IRS Nominee Failed to Disclose Trump-Linked Property Ownership”

Trump’s tax law creates new challenges for IRS

The following article by Naomi Jagoda was posted on the Hill website December 23, 2017:

Credit: Evan Vucci/AP Photo

The Republican tax bill is the law of the land — but for federal officials, the work is just beginning.

The Treasury Department and the IRS now have a mammoth task on their hands as they seek to turn the sweeping tax provisions passed by Congress into new rules and regulations. Continue reading “Trump’s tax law creates new challenges for IRS”