Trump Tax Write-Offs Are Ensnared in 2 New York Fraud Investigations

Trump Tax Write-Offs Are Ensnared in 2 New York Fraud Investigations

Ms. 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. 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.