Journalist Tim O'Brien on MSNBC "The Last Word" as quoted in journalist Peter Weber's Yahoo article, "Journalist Tim O'Brien, who's seen Trump's taxes, thinks Trump's accountant will now flip in D.A. inquiry" https://archive.vn/SR6m2
Journalist Tim O'Brien has a master's degree in Business from Columbia so he should be familiar with basic Financial Accounting but may not be familiar with the knowledge attained in Tax or Appraising courses.
"...And if there are email and notes and other records of communication about what they intended to do when they inflated the value of buildings so they could get loans against them and then turned around and deflated the value of the buildings so they could pay lower taxes on them, and there's a communication around that that predates any of these tax entries, that is gold for a prosecutor.""
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The value of a building for tax purposes is determined by the County Tax Assessor's Office.
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The value of a building for purposes of attaining a loan is based on an independent appraisal of market value which can be estimated using several methods including cost, income capitalization, sales comparison, gross rent multiplier.
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President Trump would not have done the appraisal, nor would anyone who works for the Trump organization.
4)The IRS and NY State Tax authorities have had access to the Trump organization's federal and state tax returns respectively and have probably already completely audited them.
- President Trump would not have signed the Trump Organization's Corporate Tax Returns or would be very familiar with the details.
All legal