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Posted By: LongGone
Date: Tuesday - April 10,2018 08:49
(CNN) . . . Payments to people who claim to have had affairs with public figures are not currently tax deductible under the IRS Code even if your primary residences are Trump Tower and the White House.
The search warrants may uncover evidence of prior payoffs and the feds will have a strong interest in where the money came from and whether it was deducted as a Trump or Cohen business expense.
. . .Cohen may have other problems. It is unethical for an attorney to act on behalf of a client without consulting the client. If Trump was not advised by Cohen that he had negotiated a $130,000 non-disclosure agreement with a porn actress prohibiting her from revealing anything suggesting an intimate relationship with Trump one month before the presidential election, he certainly should have been.
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