So how does he IRS ever know anything?
They know enuf (generally) to calculate & verify taxes.
(At times (audits) they'll collect more than this.)
But there is much about one's financial position which they don't know.
What other info do they have to call Trump on his claims being false or incorrect enough to fine him?
Meh.....if one's affairs are complex enuf, one will be fined at times.
It's happened to me.
Although the IRS has lately given up on auditing me because my records are so squeaky clean that they get nothing for investment in scrutinizing me. Last time, the auditor spent months with me, & I owed nothing extra. Qapla'!
Am I the only one here with any experience in real estate investment & taxation?
It's like teaching tensor calculus to kindergartners!
Like the example I showed where they fined him for claiming a deduction that should not have been, and another sketchy one that probably needs auditing.
Taxation in Americastan is complex....very complex.
There are few knowns, & many thousands of probably-deductables & probably-not-deductables.
It's good to be aggressive, & claim things which might be disallowed.
Most of the time you win, so this is normal.
I didn't make the rules, but I play the game.