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What will be the outcome of Trump's tax audit by end of 2025?
5
Resolution / Starting Odds
Settlement reached • 33%
Full payment made • 33%
Case dismissed • 34%
IRS announcements, court records, or official statements from Trump's legal team
Story
IRS Audit: Trump Faces $100M Tax Bill for 'Double-Dip' Loopholes in Chicago Tower
May 11, 2024, 02:37 PM
Former President Donald Trump may face a $100 million tax bill following an IRS audit that revealed questionable accounting practices involving his Chicago skyscraper. The investigation, conducted jointly by ProPublica and The New York Times, uncovered that Trump potentially exploited accounting loopholes by claiming the same losses twice on his tax returns, a tactic referred to as 'Double-Dip' tax breaks. This maneuver, deemed improper by the IRS, could lead to significant financial repercussions for Trump.
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Settled out of court • 33%
Paid in full • 33%
Dismissed • 34%
No additional taxes due • 33%
Tax payment under $50 million • 33%
Tax payment over $100 million • 34%
Settlement reached • 33%
Full penalties imposed • 33%
Case dismissed • 33%
Verdict Overturned • 25%
New Trial Ordered • 25%
Verdict Upheld • 25%
Settlement Reached • 25%
Conviction upheld • 33%
Conviction overturned • 33%
New trial ordered • 33%
Guilty on all counts • 25%
Guilty on some counts • 25%
Acquitted on all counts • 25%
Trial dismissed • 25%
Convicted on all counts • 33%
Convicted on some counts • 33%
Not convicted • 33%