APPLETON, Wisconsin (AP) — Tax counsel for Republican presidential candidate Donald Trump said Wednesday that the billionaire businessman has been under continuous IRS audit for more than a decade.
In a letter released by the Trump campaign to demonstrate that the candidate is in fact under audit, Sheri Dillon and William Nelson wrote that his personal federal tax returns “have been under continuous examination by the Internal Revenue Service since 2002, consistent with the IRS’s practice for large and complex businesses.”
The attorneys said the examinations of returns for years 2002 to 2008 “have been closed administratively by agreement with the IRS without assessment or payment, on a net basis, of any deficiency,” while the examinations for the years 2009 and onward are “ongoing.”
Trump has cited the audits as the reason he refuses to release his tax returns for public examination.
The attorneys also wrote that Trump’s personal federal income tax returns are “inordinately large and complex for an individual” because of the nature of his business dealings.
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