Baller Alert It's a lifestyle!
written by @iamtayyonce_
Ivanka Trump has found herself entangled in yet another Tax investigation. You may recall her previous run-in with the law regarding the 2016 presidential inauguration when she was involved in negotiating the overpriced event space at the Trump hotel. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
But now, after a review of Donald Trump’s recently leaked tax returns, the IRS has found that Ivanka’s tax fraud may stem far beyond inauguration negotiations. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
According to the New York Times, through the Trump Organization, Trump reportedly reduced his taxable income by paying Ivanka as a consultant. The problem is, Ivanka had also been an executive officer for the Trump companies that received profits from and paid for consulting fees to her company, the publication reports.
In fact, almost all of Trump’s hotel deals and other projects paid about 20 percent of all income for consulting but wrote them off as business expenses to lower the final amount expected to be taxed.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Trump’s tax records revealed $747,622 in consultant fees for hotel projects in Vancouver and Hawaii, which matched Ivanka’s confidential tax records from when she joined the White House.
The federal prosecutors in New York already launched a criminal investigation into whether the inauguration committee mismanaged money and if foreign leaders funneled money to
the inauguration illegally, but the new implications could bring forth harsher punishment for both Trump and Ivanka.
