General Discussion
In reply to the discussion: Trump owes more than ***$50 million*** to an LLC that exists mostly on paper. [View all]politicaljunkie41910
(3,335 posts)as is for every other Federal Employee as well; those documents are signed and submitted under penalty of perjury. If Trump is lying, than he is guilty of perjury, and that shouldn't require a complete audit of all Trump's financial records to prove perjury, just review of this one document in question. Either it's a legitimate debt or it's not, and the burden of proof would be on Trump to prove that this debt is legitimate or not. The IRS can make that determination without a full blown audit, (though I have nothing against the IRS doing a full blown audit of this shyster's financial records). Also, there are some instances where debt forgiveness is considered as income and is taxable. Again, this doesn't require a full blown audit to decide one way of another. Trump has been cheating the system his entire life. Time for the IRS to grow a pair and make an adult decision now; and stop letting him run out the clock.