31 Dec 2022 10:04 pm
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https://www.factcheck.org/2019/04/trump ... t-tax-law/
Kleinbard believes that meets the threshold of proving a bona fide purpose for the request.“The Chairman’s request here was carefully written to explain his reasons, which include, wearing his oversight hat, ensuring that the IRS is doing its job auditing the President,” Kleinbard said. “Further, the President is the Taxpayer in Chief. We have a tax system in which we each assess tax against ourselves – that’s what you do when you file a return. The Taxpayer in Chief needs to set a standard of compliance to which we all should aspire. For him to abdicate that responsibility threatens the integrity of the income tax system, which surely is something that should concern W&M [the Ways and Means committee]. So there’s no doubt that W&M has more than met any standard that might be read into the statute.”Neal letter, April 3: Consistent with its authority, the Committee is considering legislative proposals and conducting oversight related to our Federal tax laws, including, but not limited to, the extent to which the IRS audits and enforces the Federal tax laws against a President. Under the Internal Revenue Manual, individual income tax returns of a President are subject to mandatory examination, but this practice is IRS policy and not codified in the Federal tax laws. It is necessary for the Committee to determine the scope of any such examination and whether it includes a review of underlying business activities required to be reported on the individual income tax return.