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The Mazars USA Subpoena #13807284 05/09/19
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Squidge Offline OP
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Might be trouble.

https://www.justsecurity.org/63863/...n-existential-threat-to-president-trump/

Quote
The Mazars subpoena would encompass more information than the tax returns covered by IRC 6103, including financial statements, tax returns, and accounting work papers. Only tax returns in the possession of the IRS are subject to the vagaries of IRC 6103.

It should be noted that there is no accountant-client privilege equivalent to attorney-client privilege that could shield the secrecy of the financial documents maintained by Mazars for its client or that could provide a legal basis to delay compliance with the subpoena. The IRS does require tax preparers to obtain the client’s permission to release tax returns. However, should Mazars be in possession of 10 years worth of Trump business and personal tax returns, there is nothing in the law to prevent their ultimate disclosure to the public when Congress subpoenas them. A congressional ‘friendly’ subpoena requested by Mazars effectively shields them from the normal disclosure constraints of tax preparers.


Quote
When Congress does, in fact, obtain the subpoenaed financial information from Mazars, it can then be released to the public via a majority vote on the Oversight Committee. Should that happen, let’s review what might be available and the relative significance of the financial documents.


https://www.washingtonpost.com/loca...389013_story.html?utm_term=.16e90badf13d

Quote
A federal judge will fast-track a decision on President Trump’s bid to quash a House subpoena for financial records from his accounting firm, saying he will decide the full case, not just whether to temporarily block the subpoena while the case proceeds, after a hearing Tuesday.

U.S. District Judge Amit P. Mehta made his announcement Thursday in a brief notice to both sides after receiving a first round of written arguments in the case. The lawsuit was brought April 22 by Trump and several of his businesses against House Oversight Committee Chairman Elijah E. Cummings (D-Md.) and Trump’s accounting firm.

“The sole question before the court — Is the House Oversight Committee’s issuance of a subpoena to Mazars USA LLP for financial records of President Donald Trump and various associated entities a valid exercise of legislative power? — is fully briefed, and the court can discern no benefit from an additional round of legal arguments,” Mehta said.

Mehta, an Obama appointee confirmed in 2014, gave all sides until Monday to file any further comments ahead of oral arguments previously set for 11 a.m. Tuesday in Washington.

The announcement means that any appeal of a decision in the case could reach an appeals court by the summer.


Remember why, specifically, the Bill of Rights was written...remember its purpose. It was written to limit the power of government over the individual.
BP-B2

Re: The Mazars USA Subpoena [Re: Squidge] #13807302 05/09/19
Joined: Oct 2011
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12344mag Online Content
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Still grabbing at straws...........Reminds me of Madcows great live reveal of Trumps tax return.....TFF!


Paul

"I'd rather see a sermon than hear a sermon".... D.A.D.

"Because I'm President and they're not".... DJT

Joe and the Ho 2020!

molɔ̀ːn labé skýla

Re: The Mazars USA Subpoena [Re: 12344mag] #13807347 05/09/19
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Squidge Offline OP
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Might not be trouble, but unlike Congress getting Trump's tax returns directly from the IRS which entails some very strict rules about handling and disclosure, financials coming Mazars won't be subject to those same strict rules. What could go wrong with an Obama appointmented judge fast tracking this case and deciding it promptly? That first link describes this case as an existential threat to Trump.

Last edited by Squidge; 05/09/19.

Remember why, specifically, the Bill of Rights was written...remember its purpose. It was written to limit the power of government over the individual.

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