A year and a half or so later, we are I Support The Thin Dew Line Dew You Back The Dew Shirt finally seeing some information. About his personal income tax return. Form 1040, the same that you and I and virtually everyone else files on an annual basis. So what can we actually surmise from the information that has come to light today? Can we say for certain that Trump is guilty of tax evasion and not just tax avoidance? No, we cannot say that for certain, at least I’m not comfortable doing so without seeing. The forms with my own eyes and, more importantly. Seeing the tax returns for all the entities that Trump owns.
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The income and losses from most of I Support The Thin Dew Line Dew You Back The Dew Shirts which, despite what people are saying elsewhere, should be reported on his 1040. The vast majority of his tax avoidance would be done on the business returns, as would, if it were occurring, probably all tax evasion. Most Trump companies are privately held and the vast majority, I imagine, are formed as partnerships. And S-corporations which provide some specific tax advantages to a business owner that. I can’t get into in great detail here. Each of these companies should issue, on an annual basis, a form K-1 to all people and entities that own a percentage of them.
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