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That revelation came shortly before Trump and his partners shortchanged the public coffers, according to the city audit. Trump asked his accountants in 1987 to retroactively change the Grand Hyatt's accounting policy to lower its tax bill, according to an accountant's letter uncovered in the audit. When tax receipts from the Grand Hyatt plummeted to $667,000 from $3.7 million the year before, the city budget director asked Auditor General Burstein to review the hotel's financial records. Burstein said the Grand Hyatt, through "aberrant" accounting practices, had understated its profits by $5 million and shorted the city by $2,870,259 in taxes.
No, actually it is on the income statement, not the balance sheet. Salaries are an expense.
Its on the balance sheet for investors to check out.
originally posted by: Phage
a reply to: LesMisanthrope
I suppose he could hire accountants to double-check his accountants, but that seems like overkill.
So, he just signs stuff without understanding it? He's not brilliant?
The IRS is controlled by the current admin
You do know that? How? Because the IRS audited him? But, he said he can't release his returns because he is being audited. That's his excuse any way. It sure ain't a reason.
Oh, i know, because all he did was legal.