TRUMP AS PRESIDENT/TRUMP BUSINESS/TRUMP TAXES: “Though President Donald Trump insists he did nothing wrong on his taxes, experts say he could be on the hook for tens of millions of dollars in civil fines if state and federal authorities substantiate a New York Times report that found he and his family cheated the IRS for decades. The statute of limitations for bringing criminal charges has long run out, but civil cases have no such limits, and the financial penalties could be staggering. Civil fraud charges for intentionally underpaying taxes, as the Times alleged the Trump family did, could include a penalty of up to 75 percent of the unpaid federal taxes and double the unpaid state amount, experts said. The penalties ‘could be substantial, and if the allegations are proven in court, they should be levied,’ said Norman Eisen, chairman of Citizens for Responsibility and Ethics in Washington and former chief ethics counsel in the Obama administration.”
–The Associated Press, “Probes of Trump Taxes Carry Potential for Millions in Fines,” The New York Times online, October 4, 2018