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.

Trump Will Have $900 Million Of Loans Coming Due In His Second Term If He’s Reelected

Trump Will Have $900 Million Of Loans Coming Due In His Second Term If He’s Reelected

About half of the debt coming due from the start of 2021 to the end of 2024 is secured against assets that the president and his children own outright. He will have to pay back loans against his hotel in Washington, D.C., his golf resort in Miami and his tower in Chicago. He’ll also have to sort out the debt against Trump Tower and Trump Plaza in New York City.

The Biggest Trump Financial Mystery? Where He Came Up With the Cash for His Scottish Resorts.

The Biggest Trump Financial Mystery? Where He Came Up With the Cash for His Scottish Resorts.

Recently, a new—and perhaps bigger—threat to Trump has emerged in Scotland. Scottish lawmakers are pushing to peer into Trump’s finances using an anti-money-­laundering statute typically employed against kleptocrats, oligarchs, and crime kingpins. Their question: Where did the hundreds of millions Trump poured into his Scottish courses actually come from?