Did Trump accountant Allan Wesselberg get in trouble for not reporting a car or cars on his taxes?

I think you have half the story.

Owning a car- no problem.

But there are specific circumstances:

1) if you are using a company car, then it needs to be used for company business and various expenses (mileage, registration, tolls, gas, etc.) need to be logged if the company is going to declare it as a company expense. Every company that owns a vehicle – from the landscaper to the electric company – knows that.

2) What is more likely is that Trump Corp. bought the car and gave it to Wesselberg as a ‘gift’ – no doubt the accountant came up with some sort of mechanism to get the ‘gift’ but not pay taxes.

And that’s a no-no. If someone gives you a sizeable gift (birthday cakes don’t count) like a car, it’s considered as income. And if you don’t declare the income, you’re in trouble with the IRS.

I don’t know the exact story with Trump’s accountant, but I lean towards accounting chicanery.

Oh, yeah that makes sense. I looked at the Wikipedia article but I didn’t see any mention of a car.

Yes, he went to jail for not reporting his 2 cars (1 his & 1 hers) on his taxes. The difference between his cars & yours is that I’m going to guess that you PAID for your cars. The T.Org GAVE Alan his 2 cars which is considered “income” when it comes to taxes. Alan didn’t pay a dime for his cars. The Organization also PAID for his children to go to an elite school as well as the condo where he lived. All that was in exchange for not getting a raise which is reported on his taxes. BTW, the business expense was also written off on the Org’s taxes. So, we were screwed on BOTH sides.

I think a big part of it is that he cooked the books for Trump. And he’s just going to jail again for perjury.

@janbb I get that, I was just wondering what it was, specifically, about owning a car and not reporting it on his taxes like Trump specified in his speech today.

Trump seems to like to “cook the books” . . . .34 counts of guilty for “cooking the books” ! !

@Tropical_Willie Those books are very cooked!

Usually, tax is paid by the person doing the gifting when it is individual to individual.

A company giving a car to someone; were the cars put in their names? Directly from dealer to Wesselberg? I guess maybe it is income. I never thought about it like that. If it stays in the company name it’s just a company car that Wesselberg is using.