I am getting a lot of questions on the audit / audits of Donald Trump’s taxes so this is a 🧵 on what my colleagues and I know. First off, Trump was facing two I.R.S audits that we know about when he was in the White House.
The first audit started in 2009. It was over the legitimacy of a $72.9 million refund Donald Trump got that year. There’s a lot of detail on this audit in our 2020 investigation into his taxes. nytimes.com/interactive/20…
An adverse ruling in this audit could cost Donald Trump more than $100 million. I have a lot of questions about this old audit, chiefly why did it drag on for so long and what is the status of it? #IRS
The N.Y. Attorney General, in her 2022 lawsuit against Donald Trump, revealed that Deutsche Bank decided to cut ties with Trump after his company refused to answer some questions, including one about the @nytimes revelation of the 2009 audit. Page 195 👉 nytimes.com/interactive/20…
Donald Trump was also supposed to be subject to an annual presidential audit. Of course we now know that didn’t happen the way it should have. nytimes.com/2022/12/20/us/…
All I can say about the annual presidential audit - or lack of - is what an epic fail. The Ways and Means Committee report had some great detail on the audit breakdown thanks to the auditor notes they obtained. It’s a travesty the committee didn’t release those.
Here the I.R.S. audit files state that Donald Trump’s use of professional accountants to prepare his taxes “ensured accuracy.” Keep in mind Trump’s firm was convicted of tax fraud by a jury in N.Y. earlier this month. 
The I.R.S. assigned one agent to handle Donald Trump’s presidential audit. Yes, just one agent. 😬
Happy New Year everyone! 👊
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