Sep 16, 2019

NYT: Manhattan prosecutors subpoena Trump tax returns

Photo: Drew Angerer/Getty Images

The office of Manhattan District Attorney Cyrus Vance has subpoenaed 8 years of President Trump's "personal and corporate tax returns" as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election, the New York Times reports.

The big picture: A federal investigation into the payments resulted in Trump's former personal lawyer Michael Cohen pleading guilty to campaign finance violations, and it "effectively concluded" in July with no further charges. Vance's office opened a new investigation last month into whether the Trump Organization falsely listed its reimbursement of Cohen for the $130,000 payment to Daniels as a legal expense, which would be illegal under New York law.

  • Per the Times, it's unclear whether the subpoena for 8 years of Trump's tax returns indicates that Vance's investigation has expanded into conduct unrelated to the 2016 election.
  • House Democrats have also subpoenaed Trump's tax returns and are currently engaged in a court battle with Mazars USA, the same accounting firm subpoenaed by Vance's office.
  • Their lawsuit, which was filed by the House Ways and Means Committee after Treasury Secretary Steve Mnuchin defied a subpoena for Trump's tax returns in May, is likely to end up in front of the Supreme Court.

Go deeper

Appeals court grants Trump stay in legal fight over his tax returns

Photo: Chip Somodevilla/Getty Images

The Second Circuit Court of Appeals granted President Trump an emergency stay Monday after the president lost a key court ruling over his tax returns, reports Bloomberg.

The state of play: A New York federal judge ruled earlier in the day that Manhattan's district attorney could subpoena 8 years of the president's personal and corporate tax returns from his longtime accounting firm, Mazars USA.

Go deeperArrowUpdated Oct 7, 2019

Trump sues Manhattan DA to block release of tax returns

Photo: Drew Angerer/Getty Images

President Trump on Thursday sued Manhattan District Attorney Cyrus Vance in an effort to block New York prosecutors from obtaining 8 years of his personal and corporate tax returns from his longtime accounting firm, Mazars USA.

Context: The New York Times reported this week that Vance's office had subpoenaed Trump's tax returns as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election.

Go deeperArrowSep 19, 2019

Manhattan DA urges judge to dismiss Trump lawsuit over tax returns

Manhattan District Attorney Cyrus Vance Jr. at a news conference in New York City in April. Photo: Spencer Platt/Getty Images)

Manhattan District Attorney Cyrus Vance asked a federal judge in a court filing Monday to reject President Trump's attempts to stop New York prosecutors from subpoenaing his corporate and personal tax returns.

Details: Trump sued Vance last Thursday in an effort to block New York prosecutors from obtaining 8 years of his tax returns from his longtime accounting firm Mazars USA. Vance said in the filing addressing Trump's lawsuit that the president was trying to be covered by a "sweeping immunity" that is not provided by law.

Go deeperArrowSep 24, 2019