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Started By
Message
Trying to get caught up on this Stormy Trump thing and have some questions.
Posted on 5/19/24 at 1:24 am
Posted on 5/19/24 at 1:24 am
Read the indictment and the synopsis I guess.
NDAs aren’t illegal. Seems like Trump claimed this as a legal expense and there was no retainer for cohen.
So.
What are NDAs supposed to be classified as on taxes.
I’m legitimately asking.
Also who gives a frick what the guy does with his own money. They say he filed it as a legal expense and it’s not, well what is it?
If you file it as “whore” it really diminishes the purpose of an NDA
Somebody educate me please
NDAs aren’t illegal. Seems like Trump claimed this as a legal expense and there was no retainer for cohen.
So.
What are NDAs supposed to be classified as on taxes.
I’m legitimately asking.
Also who gives a frick what the guy does with his own money. They say he filed it as a legal expense and it’s not, well what is it?
If you file it as “whore” it really diminishes the purpose of an NDA
Somebody educate me please
Posted on 5/19/24 at 1:33 am to Slevin7
Maybe i am mistaken but i read they are claiming he mislabeled them on his Financial Statements, not his tax return. GAAP would only require them to be broken out on the face of the FS if they are material to the FS and they would need to be disclosed with a footnote. But calling them legal fees is certainly within GAAP. For a billionaire's FS, 150k is certainly immaterial. I audit companies with 10s of millions in revenue and 150k is well below materiality.
This post was edited on 5/19/24 at 1:36 am
Posted on 5/19/24 at 2:41 am to Barstools
Thank you
Need you guys to go on Reddit and comment.
These frickers are crazy. But they aren’t dumb.
You guys are smarter than I am. Buncha idiots over there.
Need you guys to go on Reddit and comment.
These frickers are crazy. But they aren’t dumb.
You guys are smarter than I am. Buncha idiots over there.
This post was edited on 5/19/24 at 2:50 am
Posted on 5/19/24 at 2:56 am to Slevin7
I’m doing one voter at a time and hoping to reach more.
Posted on 5/19/24 at 4:40 am to Slevin7
quote:Don't be so sure. Unless things have changed, Redditors are free to make interesting sounding but demonstrably false assertions as long as they are Socialist/Marxist supportive. Whereas fact-based counters to those statements get you banned. So what sounds "smart" is often pixie dust and fairy tale.
Need you guys to go on Reddit and comment.
These frickers are crazy. But they aren’t dumb.
Posted on 5/19/24 at 6:54 am to Barstools
quote:
I audit companies with 10s of millions in revenue and 150k is well below materiality.
quote:
by Barstools
The fact you are an accountant with the handle “barstools” immediately reminded me that George Went’s character on Cheers, Norm Peterson, was an accountant.
But yeah, $150k is insignificant to Trump who has spent his entire life wealthy. Even back when the Gold Standard was still in place young Donald was a millionaire from a wealthy family. $150k barely garners a conversational mention from a Trump.
Posted on 5/19/24 at 6:59 am to Barstools
quote:
I audit companies with 10s of millions in revenue and 150k is well below materiality.
quote:
by Barstools
The fact you are an accountant with the handle “barstools” immediately reminded me that George Went’s character on Cheers, Norm Peterson, was an accountant.
But yeah, $150k is insignificant to Trump who has spent his entire life wealthy. Even back when the Gold Standard was still in place young Donald was a millionaire from a wealthy family. $150k barely garners a conversational mention from a Trump. I can’t even keep track of how many times Trump has spontaneously paid off mortgages for people since being elected (he did that before too just didn’t always hear from the press about it).
Posted on 5/19/24 at 7:02 am to Slevin7
Cohen is just an idiot.
You dont pay off whores. They come back for more.
You dont pay off whores. They come back for more.
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