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Kelly Bullis: Are you a real estate professional ? | Serving Carson City for over 150 years

Kelly Bullis: Are you a real estate professional ? | Serving Carson City for over 150 years
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Kelly bullisModified adjusted gross incomeLoss carryoversEstate professionalReal estateReal estate professionalCertified public accountant

CNN Erin Burnett OutFront June 4, 2024 00:46:00

millions of dollars in these returns that were claimed without adequate substantiation. the extent to which the irs made an effort to get that substantiation, i invite you to look at the reports. but i think you ll be surprised by how little there is, and i have my doubts that another taxpayer could go in to audit and provide as little as was provided here and expect to have a completed audit. okay. and those tens of millions of dollars were what that he was claiming? well, we know that from the earlier disclosures from the new york times that he often claimed huge amounts of loss carryovers. and even one time much before these returns got a check for over $70 million. in this case in 2015, he began with about $105 million loss carryover. those issues in it were not

Adequate substantiationNew york timesLoss carryoversLoss carryover00 million70 million105 million05 million

CNN Erin Burnett OutFront June 4, 2024 00:48:00

did you see any evidence of that or anything that raised questions for you in that regard? no. and just with these particular documents by themselves, i didn t really expect to find very much. there is evidence of some of the foreign taxes that he paid. but these are just like ordinary very wealthy businessperson s filing that show what he got and what he claimed as deductions. just an immense loss carryovers. it just does not give us the detail necessary to make that determination. all right, well, congressman doggett, i appreciate your time. thank you. and obviously we always look forward to see what we understand will be the full body of taxes that you did receive from the years you requested 2015 through 2020. congressman doggett, thank you, sir. thank you. , and next, what do big-name republicans have to say about an alleged liar who was just elected to congress by gop voters? what s going to happen here?

Loss carryoversCongressman doggettThank you