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Post by osprey11 on May 18, 2024 16:07:53 GMT -5
I noticed you switched to a different case. That is good because you are incorrect about the NY case!
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Post by cadman on May 18, 2024 16:19:44 GMT -5
You said the other 2 crimes are state and federal tax crimes. What evidence has been shown to that during the trial? Without that there is no case as the time has run out. The evidence is he recorded them as legal expenses and deducted them as such.
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Post by cadman on May 18, 2024 16:23:14 GMT -5
I noticed you switched to a different case. That is good because you are incorrect about the NY case! I have not switched anything, just answering another members question.
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Post by osprey11 on May 18, 2024 16:34:54 GMT -5
I would have too if I was wrong.
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Post by whitebacon on May 18, 2024 16:49:30 GMT -5
You said the other 2 crimes are state and federal tax crimes. What evidence has been shown to that during the trial? Without that there is no case as the time has run out. The evidence is he recorded them as legal expenses and deducted them as such. I was under the impression that paying a LAWYER, and having evidence of such, like a cancelled CHECK, qualifies as evidence as far claiming a deduction. But your law degree, and CPA certs far exceed my chicken shit MBA. We will just defer to you know for legal and tax advice.
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Post by cadman on May 18, 2024 18:12:22 GMT -5
The evidence is he recorded them as legal expenses and deducted them as such. I was under the impression that paying a LAWYER, and having evidence of such, like a cancelled CHECK, qualifies as evidence as far claiming a deduction. But your law degree, and CPA certs far exceed my chicken shit MBA. We will just defer to you know for legal and tax advice. If you had your lawyer pay a bunch of your hookers and then wrote him a check to cover the hookers and his tax liability, then deducted it as legal expenses, you broke the law. Do you even know what the trial is about? That is the charges against Trump and if the jury believes the witnesses, he will be found guilty.
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Post by bullfrog on May 18, 2024 18:54:28 GMT -5
I was under the impression that paying a LAWYER, and having evidence of such, like a cancelled CHECK, qualifies as evidence as far claiming a deduction. But your law degree, and CPA certs far exceed my chicken shit MBA. We will just defer to you know for legal and tax advice. If you had your lawyer pay a bunch of your hookers and then wrote him a check to cover the hookers and his tax liability, then deducted it as legal expenses, you broke the law. Do you even know what the trial is about? That is the charges against Trump and if the jury believes the witnesses, he will be found guilty. No reasonable person would have listed it as “hush money for a hooker.” What would a reasonable person call it? A settlement? And if its a settlement, its not much of a stretch to call it “legal expenses.”
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Post by richm on May 18, 2024 19:07:30 GMT -5
This id likely one of those legal but questionable things that businesses do. They can depreciate things… He did it twice for the same property. When you declare a property worthless, you can write off the entire value in one year. Losses are also carried forward. What you can't do is sell it to yourself and then depreciate a worthless property you already wrote off. It was transferred between 2 businesses. Keep your eyes on the business end of things. Llc 1 bought it from Corp 2. Trump doesnt count.
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Post by richm on May 18, 2024 19:09:29 GMT -5
The evidence is he recorded them as legal expenses and deducted them as such. I was under the impression that paying a LAWYER, and having evidence of such, like a cancelled CHECK, qualifies as evidence as far claiming a deduction. But your law degree, and CPA certs far exceed my chicken shit MBA. We will just defer to you know for legal and tax advice. I got an MBA. Helped w business stuff for sure.
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Post by richm on May 18, 2024 19:10:14 GMT -5
If you had your lawyer pay a bunch of your hookers and then wrote him a check to cover the hookers and his tax liability, then deducted it as legal expenses, you broke the law. Do you even know what the trial is about? That is the charges against Trump and if the jury believes the witnesses, he will be found guilty. No reasonable person would have listed it as “hush money for a hooker.” What would a reasonable person call it? A settlement? And if its a settlement, its not much of a stretch to call it “legal expenses.” Exactly. He paid his atty. if it wasnt trump it wouldnt be an issue.
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Post by cadman on May 18, 2024 19:10:48 GMT -5
If you had your lawyer pay a bunch of your hookers and then wrote him a check to cover the hookers and his tax liability, then deducted it as legal expenses, you broke the law. Do you even know what the trial is about? That is the charges against Trump and if the jury believes the witnesses, he will be found guilty. No reasonable person would have listed it as “hush money for a hooker.” What would a reasonable person call it? A settlement? And if its a settlement, its not much of a stretch to call it “legal expenses.” It wasn't a business settlement, Trump bought the rights to her story through Cohen. I don't see how that is legal expenses. If it was legit, why pay it to Cohen and include enough extra to cover Cohen's tax liability?
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Post by cadman on May 18, 2024 19:13:42 GMT -5
He did it twice for the same property. When you declare a property worthless, you can write off the entire value in one year. Losses are also carried forward. What you can't do is sell it to yourself and then depreciate a worthless property you already wrote off. It was transferred between 2 businesses. Keep your eyes on the business end of things. Llc 1 bought it from Corp 2. Trump doesnt count. Both companies were owned by Trump. Take it up with the IRS, they are the ones saying it is not legit and they want $100 million in taxes. I just relayed the story. As I said, it will likely end up in court if Trump doesn't settle.
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Post by whitebacon on May 18, 2024 19:40:46 GMT -5
I was under the impression that paying a LAWYER, and having evidence of such, like a cancelled CHECK, qualifies as evidence as far claiming a deduction. But your law degree, and CPA certs far exceed my chicken shit MBA. We will just defer to you know for legal and tax advice. If you had your lawyer pay a bunch of your hookers and then wrote him a check to cover the hookers and his tax liability, then deducted it as legal expenses, you broke the law. Do you even know what the trial is about? That is the charges against Trump and if the jury believes the witnesses, he will be found guilty. Not really. But I do know that you can't address my comments. You continue to gravite to insanity. Last try, how many hookers? Evidence? Cite the tax code!
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Post by bullfrog on May 18, 2024 19:43:12 GMT -5
No reasonable person would have listed it as “hush money for a hooker.” What would a reasonable person call it? A settlement? And if its a settlement, its not much of a stretch to call it “legal expenses.” It wasn't a business settlement, Trump bought the rights to her story through Cohen. I don't see how that is legal expenses. If it was legit, why pay it to Cohen and include enough extra to cover Cohen's tax liability? We all agree the payment wasn’t illegal. You contend the way he listed it was illegal. So how should he have listed it?
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Post by cadman on May 18, 2024 19:56:43 GMT -5
It wasn't a business settlement, Trump bought the rights to her story through Cohen. I don't see how that is legal expenses. If it was legit, why pay it to Cohen and include enough extra to cover Cohen's tax liability? We all agree the payment wasn’t illegal. You contend the way he listed it was illegal. So how should he have listed it? He should not have listed it all all. He should have paid it from personal funds and not tried to hide it under a business expense. It was a personal expense to keep the story quiet. If he had done that, it would not be an issue. Why pretend it was legal business expenses is beyond me. I get having Cohen pay her and he pays Cohen, but do it with one of your personal accounts.
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