Supreme Court: Trump Must Turn Over Tax Records

Mandatory Credit: Photo by Gerald Herbert/AP/Shutterstock (11770013a)President Donald Trump walks to board Marine One on the South Lawn of the White House on Jan.
Gerald Herbert/AP/Shutterstock / Gerald Herbert/AP/Shutterstock

On Monday, the US Supreme Court refused former President Donald Trump‘s request to for them to overrule an October 7 lower court ruling that required Trump’s accounting firm, Mazars USA, to comply with a subpoena issued by a grand jury convened by Manhattan District Attorney Cyrus Vance.

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This is the second time that the Supreme Court has sided with Vance on this issue.

The subpoena asks for eight years of tax returns and related documents as part of an investigation into whether Trump paid hush money before the 2016 election to Stormy Daniels and Karen McDougal, who allegedly had had affairs with him. The District Attorney may be looking into other matters related to Trump’s taxes as well, but only the hush money has been listed on the public portion of the subpoena.

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The grand jury subpoena would not make the tax returns public, but it would allow the District Attorney to comb through them and possibly use the information to bring other charges.

Trump has long fought the public disclosure of his taxes, although the New York Times received some last fall that suggested that the former president’s financial situation is precarious.

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About the Author

Ann Logue is a writer specializing in business and finance. Her most recent book is The Complete Idiot’s Guide: Options Trading (Alpha 2016). She lives in Chicago.
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