Saturday, February 27, 2016

IRS On Donald Trump: 'Nothing Prevents Individuals From Sharing Their Own Tax Information'

Republican presidential candidate Donald Trump said during Thursday's GOP primary debate that he can't release his tax returns because he is currently being audited by the IRS, but the agency says nothing prevents individuals from sharing their tax information.

"Federal privacy rules prohibit the IRS from discussing individual tax matters. Nothing prevents individuals from sharing their own tax information," the IRS said in a statement, responding to a HuffPost inquiry.

While the IRS says anyone can release their own tax information at any time, some tax lawyers advised it may not be in an individual's best interest to do so.

"Think of an audit as an investigation, an on-going investigation," Steven Goldburd, a lawyer who specializes in tax law, told The Washington Post. "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.'"

Full story http://m.huffpost.com/us/entry/us_56d083b5e4b0871f60eb2c06

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