news out of the vatican. the former pope emeritus benedict has died at the age of 95. with sorrow, we inform you that the pope emeritus benedict xvi passed away, today, this morning, at 9:34 in the mater echess yamon tia mona stare. he was the first pope to resign, rather than stay in office for life. he was a controversial at times member of church. let s go to barbie nadeau in st. peter s square right now. barbie, i m curious, there were a lot of people already in the square and then the news breaks. so what s the reaction? what are people talking about there? reporter: yeah, you know, it s a mixed reaction, because a lot some people didn t know. some people here in rome enjoying a day. the square is empty behind us right now, they re doing a security check because pope francis is going to be coming out here in the next hour or so to visit the nativity scene there. we ve got a lot of pilgrims pushed off the square. they re coming back. but the mood is very solemn.
what s unusual, how we got the tax documents, what they re claiming they received for it now, and we don t want congress or politicians counting up whether or not a loss is reflected accurately or not. that s something that the irs does in an investigative basis. let s talk about the irs, and, peter, you know very well, you re an expert on this. there are a lot of techniques that are employed, especially for the wealthy and people with a lot of assets. what do you make of the fact it seems like the irs really dropped the ball on this. it has this rule of mandatory audits for presidents. every year. but the audit for president trump s taxes didn t take place until more than two years into his presidency. what do you read into that? well, not only that, but they only initially assigned one revenue agent to audit what is an incredibly complex series of tax returns.
trademarks, specifically, he wanted to trademark rigged election, jared kushner said out to make that happen for his brother-in-law. the committee has a few more days to release the transcripts, the final piece of work, before it expires january 3rd. back to you. sara, thank you. so from transcripts to tax returns. we re talking about six years worth of returns from donald trump s time in office. here to help us sort through some of the findings, former u.s. attorney michael moore, a partner with moore hall in atlanta. and retired tax attorney peter faber, he advised wealth in and high-profile clients over his 50 years as a tax attorney. welcome, both, gentlemen. peter, i ll start with you, the trump return showed that he had large losses before and throughout his presidency that he carried through to practical eliminate his tax burden. that doesn t seem to be out of the ordinary, right, as long as the losses are legitimate? but were there any red flags to
of course, we don t have that. he will be lying in state in st. peter s basilica on monday. that will be open up to the public. then be given a funeral in st. peter s square on thursday morning here in rome, and we can expect that to be a very solemn event. he will have been involved in how his funeral was played out. he was a simple man and we re being told that the funeral will reflect his style. all right. we look forward to more reporting on that, thank you very much. and this morning, we are also mourning the loss of an american icon barbara walters. the pioneering television journalist known for her very powerful interviews and national broadcast career that spanned more than 50 years. she passed away at the age of 93. walters was notoriously competitive in pursuit of big name interviews including presidents, world leaders and almost every imaginable celebrity. and she never shied away from asking those tough questions.
news out of the vatican. the former pope emeritus benedict has died at the age of 95. with sorrow, we inform you that the pope emeritus benedict xvi passed away, today, this morning, at 9:34 in the mater echess yamon tia mona stare. he was the first pope to resign, rather than stay in office for life. he was a controversial at times member of church. let s go to barbie nadeau in st. peter s square right now. barbie, i m curious, there were a lot of people already in the square and then the news breaks. so what s the reaction? what are people talking about there? reporter: yeah, you know,