September 17, 2019

Reminder: Donald Trump’s 2015 Tax Return Is (Probably) Done and (Probably) Not Being Audited

October 15th was on Saturday which means today is the final filling deadline for 2015 1040s. And as the Wall Street Journal's Richard Rubin reminds us, that includes a certain presidential candidate:

The article Rubin's linking to is from a couple weeks back, published shortly after the New York Times ran a portion of Trump's 1995 state tax returns that showed a $916 million loss. Rubin reported at the time that this might be the perfect opportunity for Trump:

Releasing the 2015 tax return could give Mr. Trump an opportunity to counter that story. He could forgo otherwise allowable deductions to make his tax return more politically palatable. He could do so without imperiling his stated rationale for releasing returns from the recent past, because the 2015 return presumably wouldn’t be under Internal Revenue Service audit at the minute he files it.

Makes sense to me! Of course, quite a bit has happened since this article ran so hopefully Trump hasn't been so busy ranting about rigged political systems and Saturday night variety shows that he forgot to sign his return. It can happen to the best of us.

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