Tax
Apr. 7, 2017
Trump pay donation highlights common tax problem
Can you turn down pay and have the Internal Revenue Service respect it? Let's consider the case of President Donald J. Trump. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Can you turn down pay and have the Internal Revenue Service respect it? We'll come back to that question. Before he was elected, President Donald J. Trump suggested that he would not accept a presidential salary, saying, "The first thing I'm going to do is tell you that if I'm elected president, I'm accepting no salary, OK? That's no big deal for me."
Then, post-election, President-elect Trump said he would turn down his $...
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