According to the indictment, the company paid rent, utilities and garage fees for an apartment on Riverside Boulevard that Weisselberg and his wife occupy.
The indictment says the company maintained internal spreadsheets tracking the amounts it paid for rent, utilities and Weisselberg’s garage expenses, and reduced the amount accordingly. direct compensation to take into account the expenses she paid for him. The company did not withhold income tax from the indirect compensation, and Weisselberg only reported its direct compensation on its tax returns, according to the indictment.
Although Weisselberg started living in a Riverside Boulevard apartment the company leases for him in 2005, he did not say he was a New York resident on his taxes until 2013, when he sold. his home in Wantagh, New York, thus avoiding paying city income taxes, according to the indictment.
Between 2005 and June 2021, prosecutors said Weisselberg received indirect compensation from Trump Organization employees in the amount of approximately $ 1.76 million, according to the indictment.
During that time, prosecutors said Weisselberg “thus evaded about $ 556,385 in federal taxes, about $ 106,568 in state taxes, and about $ 238,159 in New York City taxes,” and he falsely claimed and received approximately $ 94,902 in federal tax refunds and approximately $ 38,222 in state tax refunds, to which he was not entitled.
More details: The indictment alleges that the tuition payment was part of a “fraud plan” and that Trump Organization staff, including Weisselberg, arranged the tuition payment for members of the Weisselberg family.
Jennifer Weisselberg, Allen Weisselberg’s former daughter-in-law, previously told CNN that she believed Trump paid his two children’s tuition to attend the elite private Columbia Grammar & Preparatory School, and that she shared this information with prosecutors.
Prosecutors allege in the indictment that payments for Weisselberg’s grandchildren were “indirect compensation” and were not included on Weisselberg’s W-2 forms, and that no income tax was paid. ‘has been retained by the Trump Organization or Trump Payroll Corp.
“Weisselberg intentionally caused tuition payments to be omitted from his personal tax returns, despite knowing that these payments were taxable income and were being treated as compensation by the Trump Corporation in internal records.” , indicates the indictment.
You Can Read Also