a The White House committee released a new report Tuesday, revealing just one of the Donald TrumpHe began auditing annual federal tax returns for the Internal Revenue Service (IRS) while serving as president.
The Ways and Means Committee discovered that an audit of his 2016 income tax return had not even been completed when he left office this past January.
Is the IRS required to audit the president?
The answer is yes, because the IRS requires mandatory audits of incumbents. However, according to the aforementioned report, the IRS has not released an audit of Trump’s returns filed for the years 2015, 2017, 2018, 2019, and 2020.
“It is clear that the mandatory audit program was dormant, at best, during the previous administration,” the report reads.
Notably, the IRS sent a letter to the former president notifying him that his return for the 2015 tax year was selected for examination on April 3, 2019, the date the president sent the initial request to the IRS for the former president’s return information and the related tax return.
“This legal requirement would ensure the integrity of the IRS, enable IRS personnel to fully scrutinize all issues, and restore confidence in the federal tax system.”
The internal policy was introduced by the tax agency in 1977. However, the report claimed that Congress was never informed about the operation of the program.
“Until recently, the committee did not know for certain whether the IRS conducted these mandatory checks and, if so, whether they were consistent with this policy, comprehensive and fair,” the report noted.
Failure
re / count. Richard Neal, de Mas. Trump, who also serves as chairman of the Ways and Means Committee, did not hesitate to strike a blow at the IRS for failing to investigate Trump’s financial condition.
“We expected the IRS to expand its mandatory audit program to take into account the complex nature of the former president’s financial situation, yet we found no evidence of this,” he said through a statement.
“This is a major failure of the IRS under the previous administration, and certainly not what we hoped to find.”
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