#NEW YORK TIMES TRUMP FINANCES PROFESSIONAL#
While companies can deduct professional fees, the Internal Revenue Service requires that consulting arrangements be market-based and reasonable, as well as “ordinary and necessary” to running a business. Trump was an executive officer of the Trump companies that made the payments, meaning she appears to have been treated as a consultant while also working for the company. The name of the firm appears to be a reference to Ms. The subpoenas were focused on fees paid to the firm on her disclosures, TTT Consulting LLC, and represented just a portion of the $26 million, according to a person with knowledge of the matter. On a 2017 disclosure filed when joining the White House as a presidential adviser, she reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Hawaii and Vancouver, British Columbia. The 27-page suit alleges “relentlessly sought out his niece…and convinced her to smuggle the records out of her attorney’s office and turn them over to The Times.” It added, “Craig, aware that the documents had been derived from the litigation proceedings of the Estate Actions, directed Mary Trump to retrieve the documents from the office of her prior attorney for the Estate Actions, Farrell Fritz, and to ‘smuggle’ them out.”Īdditionally, the suit accuses Mary Trump of violating a confidentiality agreement barring her from publicly releasing the details of the family’s finances, claiming Trump’s niece and the reporters were “motivated by a personal vendetta and their desire to gain fame, notoriety, acclaim and a financial windfall” and to “advance their political agenda.” The suit was filed in New York State court in Dutchess County, which is where lawyers for the president’s late brother Robert Trump filed an unsuccessful claim to stop the publication of Mary Trump’s book. Mary Trump has said she released Trump’s tax returns to the Times in her best-selling 2020 book about her uncle, Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man, and in media interviews, which the lawsuit notes.
#NEW YORK TIMES TRUMP FINANCES SERIES#
“The defendants engaged in an insidious plot to obtain confidential and highly-sensitive records which they exploited for their own benefit and utilized as a means of falsely legitimizing their publicized works,” the lawsuit claims.Ĭraig, Barstow, and Buettner received a Pulitzer Prize in 2019 for explanatory reporting for their series of stories, which provided the public with an unprecedented look at Trump’s finances. The lawsuit asserts that Mary Trump and three Times reporters- Susanne Craig, David Barstow, and Russell Buettner-were engaged in what the suit calls an “insidious plot” and an “extensive crusade” to obtain Trump’s taxes. And as his legal outlook grows dimmer and dimmer, he’s decided to revisit the issue.įormer president Donald Trump filed a $100 million lawsuit Tuesday against his estranged niece, Mary Trump, and The New York Times, claiming they conspired to obtain his tax returns for the paper’s.story on his undisclosed finances. resident and, later, laying the groundwork to claim the 2020 election was stolen from him. His lawyers vehemently denied the allegations, insisting that “most, if not all, of the facts appear to be inaccurate,” and claiming that “there was no fraud or tax evasion by anyone.” If there was, however, Trump had “virtually no involvement whatsoever with these matters,” as the “affairs were handled by other Trump family members who were not experts themselves.”Īt the time, though, Trump was busy with other matters, such as letting Saudi Arabia get away with murdering a U.S. When the stories, which relied on tax documents obtained by Trump’s niece, Mary Trump, were published in 20, the president was characteristically apoplectic. Of all the journalism that emerged from Donald Trump’s time in office, some of the most damning was a series of articles from The New York Times detailing how the president had inherited millions from his father largely through suspect tax schemes, ripped off tenants while lining his pockets, and, for a number of years, paid less in taxes than people living below the poverty line.
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