Trump's Taxes - Turns out - the man is a fraud and deeply in debt!

Consultants are often one person companies. You know how I know? I am one, and have dealt with hundreds of them in the past. The reason you do this is so you can lower your income by offsetting some expenses that you couldn't otherwise do so if you were just solely an employee.

Actual Consulting service companies have multiple employees, and shop them out to different companies, while billing them, dealing with collections, but making sure the contractor gets a steady paycheck, while taking a cut of the revenue that the contractor earns.

Ivanka does not run a consulting company. She did not hire some consultants who are providing consulting services to the Trump Org.

This is obviously tax fraud scheme, because it makes no sense for her to have a consulting company.

 

I . D . I . O . T

 

the over-riding factor is that

she is an officer of the co, and draws a salary, for which the Trump co withholds/pays PR tax.
and at year-end, Trump co issues a W2 to Ivanka.

this establishes the fact that she is an employee of the Trump co
​

Ivanka setting up a consulting firm to receive some compensation (not all) is prima facie evidence of the tax fraud scheme
to help the Trump Co avoiding paying PR tax on the $750K bonus payment to her

 

Yep, you definitely come off as one. Lol is their a reason for the acronym and the punctuation(does i.d.i.o.t mean anything ) or is it just an IdiOtIc InternEt Speak under 13 charaters or less?

 

If the IRS deems it a scheme so be it. Right now they are fine with it.

Where is the fraud? You either pay her salary or a consultant fee. Either way the company's income is lower

 

The fraud is right there in bold.

You pay her either as an Employee OR as a contractor.

You cannot be both.

 

Again the money is paid to her company. The IRS had no problem with her company getting the consultant fee.

You're missing the point, a tax fraud is avoiding taxes. Ivanka's company reported the fee and paid taxes.

 

This seems to be to complex for you to understand.

No worries, we can just wait and see what happens.

Very possible its all legitimate, but knowing the families history and what the CFO just was charged with, this is unlikely.

 

ur a glutton for punishment continuing to publicize ur stupidity

 

What's stupid is you think you found something the IRS missed

 

the latest eg of the mental midget being confused and all mixed up.

earth to the mental midget.

NYT had copies of documents provided by Mary Trump, the dotard's niece.
the documents included a copy of the check paid to the shell co set up by Ivanka,
as well the Trump Co account it was charged to
the reporters also had a copy of the paychecks to Ivanka w all the appropriate PR tax withholding


the documents show the inconsistent treatment of compensations to Ivanka

• most of the compensations to Ivanka, via paycheck, had all the proper tax withholdings.]
• a few compensations to her was paid to her shell co with no tax withholding

2 sets of books; one to treat her compensation as salary, the other to treat her as consultant​

 

Bro from the L.A. The Rimes article there is nothing wrong on Ivanka's end. Stop trying to compare this to the CFO. In that situation the income wasn't reported. That's the issue

Ivanka's company income was reported

I'm right so far so stfu and let it go

 

still to stupid to understand the two ways in which the Trump co treats compensations to Ivanka

• as an employee and
• as a consultant

​

ur publicizing ur stupidity

 

What tax law says she can't be an employee and have a company that does business with the company

 

Then Ivanka should sleep soundly at night ... and will not need to cut a deal for her not-illegal-consulting-fees, to keep the mother of her children out of The Pen.

 

there you go again, publicizing your stupidity

 

That would be called a "conflict of interest."

 

Just something else for the Trumps to get away with, probably. We'll see how it shakes out.

I remember getting into an argument with my dad over the Trumps, him talking with admiration about how "they don't even accept a government salary!", as if they're somehow benevolent. When I pointed out how much money they were raking in just by being in the White House (for example, doubling the membership fee at Mar-a-Lago), he got flinty as hell and hung up the phone.

 

in tax accounting parlance, a non-arms-length transaction

 

Why does it matter if she was paid as a consultant. It's a family company but obviously there is an accounting issue they are not trying to take advantage of the that none of us understand nor should we give a fuq about.

Ivanka paid the taxes. The media reported the story because it heard the IRS wanted to look at it. That doesn't mean something was wrong and even when the story was reported it said there was definitely nothing wrong on her end