It comes after a Times investigation released in September based on more than two decades of Trump’s tax records found he had deducted approximately $ 26 million in fees from unidentified consultants on several projects between 2010 and 2018.
The Times found that some of the fees appeared to have been paid to Ivanka Trump. Citing a 2017 disclosure, The Times reported that the presidential adviser included payments from a consulting firm she co-owned, totaling $ 747,622, which is exactly the consulting fee claimed as tax deductions by the Trump Organization for hotel projects in Hawaii and Vancouver, British Columbia.
A source familiar with the matter told The Times that the subpoenas focused on the fees paid to the company for its disclosures, TTT Consulting LLC, and accounted for a portion of the $ 26 million.
According to the Times, the company name apparently refers to Ivanka Trump and other members of her family.
With Ivanka Trump acting as a senior executive to the Trump companies that made the payments, she appears to have been simultaneously treated as a consultant.
The Internal Revenue Service (IRS) requires consulting fees to be market-based and reasonable, as well as “ordinary and necessary” to run a business.
Alan Garten, general counsel for the Trump organization, told The Times in a statement that the expansion of New York investigations “is just the latest fishing expedition in a continuing attempt to harass the company.”
“Everything was done in strict compliance with applicable law and under the guidance of a lawyer and tax experts,” Garten said. “All applicable taxes have been paid and no party has received an undue advantage. “
Ivanka Trump responded quickly to the Times report on Twitter on Thursday, echoing Garten’s claims of a “fishing expedition,” and adding that the investigations counted as “Pure and simple harassment.”
“This ‘investigation’ of the New York Democrats is motivated 100% by politics, publicity and rage,” she added. “They know very well that there is nothing here and that there has been no tax benefit. These politicians are simply ruthless. “
This fishing expedition is very clearly part of an ongoing political vendetta ⤵️https: //t.co/Gw0IKOWdeQ
– Ivanka Trump (@IvankaTrump) November 20, 2020
The district attorney’s and attorney general’s offices declined to comment when contacted by The Times.
The district attorney’s investigation is the only active criminal case against the president, although little has been made public since Vance began the investigation two years ago. In its early days, the investigation was removed from the Trump organization’s role in the silent money given to pornographic actress Stormy Daniels who claimed to have had an affair with Trump.
The president has filed a lawsuit to block the subpoena for the investigation for his tax returns, blocking the investigation since last fall. The battle is currently underway before the Supreme Court.
James’ civil investigation came after Michael CohenMichael Dean Cohen Juan Williams: Defeated Trump is in Legal Peril Michael Cohen Predicts Trump Will Not Return to White House After Christmas in Mar-a-Lago Michael Cohen, Former Trump Lawyer, Suggests He Voted Biden MORETrump’s former personal lawyer told Congress that the president inflated reports on his assets when he applied for bank loans and under-reported them when he sought to receive a tax cut.
The president has repeatedly pushed back investigations, calling Vance’s investigation “the greatest witch hunt in history.”