IRS responds to Trump tax return hoopla

Despite insistence from his detractors that Donald Trump release his tax returns, experts say he is doing the right thing.

Even while the Internal Revenue Service said it is legal for him to release them.

“Federal privacy rules prohibit the IRS from discussing individual tax matters. Nothing prevents individuals from sharing their own tax information,” it said in a statement to the Huffington Post.

But tax lawyer Steven Goldburd told the Washington Post that while Trump is not prevented from releasing his tax returns it would be advisable for him not to do so.

“Think of an audit as an investigation, an ongoing investigation,” he said. “Any person that has legal counsel, their legal counsel will say, ‘If you’re under investigation, you should not be talking to the media, you should not be talking to anyone other than your legal counsel or through your legal counsel.'”

Former senior council with the Department of Justice’s tax division Robert Kovacev agreed when he spoke to CNN’s Erin Burnett.

“He’s getting good advice,” he said. “(If) he puts his returns out there, his critics are gonna go through, take something out of context and they’ll make a big deal out of it. They’ll put pressure on the IRS to go and do a big investigation on something that’s probably innocuous but because it’s an issue they’re gonna have to go after it.”

“I would never advise him to release them while there’s an audit,” he added.

Watch his analysis below.

Carmine Sabia


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