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Republican House committee chairman joins call for Donald Trump to share his tax returns

August 25, 2016

Not to pile on Donald Trump, even though he makes himself such an easy target so often, but there's another person saying he should show us his tax returns.

Rep Jason Chaffetz on CNN 082416 to discuss Donald Trump taxesRep. Jason Chaffetz, during his Aug. 24 appearance on CNN's The Lead, joined the chorus of Republicans calling on GOP presidential candidate Donald Trump to be more transparent about his wealth and health.

And it's another member of his own political party (again) .

Oversight chief sets sights on Trump: Rep. Jason Chaffetz  (R-Utah) is used to going after high-profile folks.

The chairman of the House Oversight Committee has been seeking the removal of Internal Revenue Service Commissioner John Koskinen for more than a year. His Koskinen impeachment effort has made some limited progress in the House.

The Utah Republican also has accused Democratic presidential nominee Hillary Clinton of perjury in connection with her Capitol Hill testimony about use of private email servers.

Now he's turning his gaze to his own party's White House candidate.

Trump's contention is that he can't /won't show the 1040s while they are under audit, which seems to be a perpetual process for The Donald.

That's not sitting well with the head of House Oversight. Trump, says Chaffetz, should make his tax returns public.

Well, he puts it in a much more, shall we say, colorful way.

“If you’re going to run and try to become the president of the United States, you’re going to have to open up your kimono and show everything, your tax returns, your medical records," Chaffetz told CNN.

Good luck getting that image out of your head!

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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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