Trump Tax Returns Released Online via Ways and Means Committee – CNET [CNET]
Trump’s tax forms, both personal and for his businesses, are available on the committee’s website in a zip file of just over 1GB.
Throughout his presidency, Trump said he was under audit by the Internal Revenue Service and would provide his tax forms when the financial examination was completed. However, Committee Chairman Rep. Richard Neal, a Democrat from Massachusetts, says the IRS didn’t begin an audit at the time Trump claimed.
“We know now, the first mandatory audit was opened two years into his presidency,” Neal said in a release Friday. “On the same day this Committee requested his returns. This is a major failure of the IRS under the prior administration, and certainly not what we had hope to find.”
There is no law requiring presidents to disclose their tax statements, but presidents have routinely done so voluntarily since Richard Nixon a half-century ago.
The committee sought Trump’s tax returns in 2019 but didn’t receive the forms until last month after a lengthy legal battle. A committee report released earlier in December showed Trump declared negative income in 2015-17 and in 2020, and he paid $750 in income taxes each year for 2016 and 2017, then $999,466 for 2018, $133,445 for 2019 and zero for 2020.
The former president released a statement on his Truth Social account, saying the returns show how successful he’s been and how he used tax deductions to create jobs, structures and enterprises.