President Donald Trump’s nominee for chief counsel of the Internal Revenue Service briefly advised the future president’s real estate company on a tax question several years ago.
Michael Desmond counseled the Trump Organization on “a discrete reporting matter for a subsidiary company that was resolved with no tax impact,” James Wilkinson, a spokesman for Desmond, said in a written statement to Bloomberg News. Wilkinson said Desmond didn’t interact with anyone at the Trump Organization, which was a longtime client of two other partners at his law firm.
Democrats on the Senate Finance Committee have given no sign they plan to scrutinize Desmond’s Trump work at his confirmation hearing Thursday. Still, potential conflicts of interest have drawn attention under Trump, who broke with presidential tradition by refusing to release his tax returns and has mused publicly about using government agencies to punish enemies.
For The Full Story: accountingtodayaccounting today
by zacharyr. mider and lynnley browning/bloomberg news
July 25, 2018