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Another former IRS commissioner says Donald Trump can, and should, make his tax returns public

August 24, 2016

"I can't define tax evasion, but I know it when I see it," Fred T. Goldberg Jr. once said.

Fred Goldberg testifying before Joint Tax Committee 1992_CSPANFred Goldberg, in his capacity as Assistant Secretary of the Treasury for Tax Policy, the position he took immediately after leaving his IRS commissioner post, answers questions from the Joint Committee on Taxation in February 1992. (Click image to view the full video of the hearing via C-SPAN.)

Now I'm not saying that Goldberg, commissioner of the Internal Revenue Service from 1989 to 1992, was thinking about his adaptation of the legendary Supreme Court "I know it when I see it" assessment of pornography when he wrote an opinion piece this week (Aug. 23) about Donald Trump's taxes.

But I am saying it was the first thing that came to my suspicious mind when Goldberg, who was tapped to head the U.S. tax agency by President George H.W. Bush (who had his own infamous tax quote), said that the Republican presidential nominee has no excuse to not release his tax returns.

No taxes until after audits are done: After all, Trump and his campaign people keep saying that he's not showing voters any of his 1040s because he's under audit.

Those return examinations mean that some in the IRS think Trump is at least trying to avoid (which is OK if done legally), and possibly evade (not such a good thing), taxes.

"Tax returns paint a revealing picture of who we are," wrote Goldberg. To ensure that taxpayers voluntarily share their tax information with the IRS, he noted, we are assured that Uncle Sam will secure our data's confidentiality and our privacy.

"But nothing prevents us as taxpayers from choosing to release our tax returns — and those who aspire for the highest public office have done so for decades," wrote Goldberg.

Note the word nothing. Not even an audit. It's all up to the filer to make, or as in Trump's case not make, the filings public.

Trump has promised to release his returns when his audit ends. He also says he also is under continuous IRS audit. Conveniently, at least from a political perspective, that seems to preclude Trump from ever revealing these constantly examined filings.

I'm not the only skeptic thinking that.

"And by the way, for those who listen carefully, Trump's promise means he will never release his tax returns," Goldberg wrote.

What the 1040s could tell us: Goldberg says a person's tax returns, and the willingness to reveal them to the electorate, provide a window (for better and worse) into who the candidate is.

Folks wanting to occupy the White House have done so since the mid-1970s. Even a sitting president under audit, Richard Nixon, showed America his taxes.

Goldberg joins another former IRS commissioner, Mark Everson, in saying that nothing is stopping Trump from releasing his taxes.

But the word of those men who once were in charge of the IRS is not enough for Trump or his family.

Eric Trump today doubled down on his dad's refusal to release returns. It would be foolish for his father to release his tax returns and subject them to scrutiny by people without training necessary to know what the filings contain.

"You would have a bunch of people who know nothing about taxes trying to look through and trying to come up with assumptions on things they know nothing about," the younger Trump said on CNBC. 

Eric Trump says only experts should see Donald Trump's taxes_Twitter reax

An audit-safe limited release: Goldberg, however, offers Trump some advice on just how to release his taxes without raising any additional audit concerns:

The former Bush 41 tax official says:

He can and should immediately release the first two pages of his Form 1040, along with his Schedule A, for the past 20 years. This would tell us how much he makes, how much he pays in taxes, and how much he contributes to charity.

Releasing this information would have no impact on any pending or future IRS audit of Trump. Zero. None. It is a risk-free first step with no downside.

Except for maybe showing voters he's not exactly the rich and generous guy he wants us to believe.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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