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Commercial Appraiser-Appraisal 310.337.1973 - DONALD TRUMP (POTUS), THE APPRAISAL INSTITUTE (AI, MAI) + LAND TRUST ALLIANCE (LTA) = THE RACKETEER INFLUENCED AND CORRUPT ORGANIZATIONS ACT, (RICO)
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« trump appraisal institute - Google Search | Main | Looking Past The Headlines: Trump’s Impact on Brownfields, Commercial Real Estate Lending - EDRnet »

June 23, 2019

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COMMERCIAL APPRAISER
1.

https://commercialappraiser.typepad.com/blog/2020/09/donald-trump-potus-the-appraisal-institute-ai-mai-land-trust-alliance-lta-the-racketeer-influenced-and-corrupt-or-1.html


AND THE BEAT GOES ON

Commercial Appraiser CRE BLOG, 310.337.1973
2.

TRUMP, AI, MAI, APPRAISAL INSTITUTE) Appraisal and Estate Tax Fraud


Before we go any further, it’s important to define some terms:

Let’s start with estate tax. This is more or less the same thing as gift tax and is closely tied with inheritance tax. All three of these concepts are closely interlinked to the point where many individuals mistake them for each other; they will refer to inheritance tax as estate tax and vice versa.

So what’s the difference between these three concepts? Here’s a brief rundown of their definitions:

Gift tax is applied when explicitly giving a gift to another person or party. It is paid by the giver, but it can be collected from the receiver if the giver fails to pay. It is a federal tax, which means that gifts given anywhere in the country can be subject to them.
Estate tax is applied when determining the value of a deceased person’s property. It is paid by the estate before bequeathment, meaning that the taxes are taken out of this value before it is passed on to the receiver. There is a federal estate tax with its own exclusion rate and a state estate tax that varies depending on the state.
Inheritance tax is applied when passing a deceased person’s property onto their beneficiaries as outlined in their will. It is paid by the receiver, meaning that the taxes are charged to the person receiving the money or property. This is a state tax that only applies to Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania.
Still confused? Here’s a table that sums up the differences:

Tax Name Gift Tax Estate Tax Inheritance Tax
Who Pays? Giver Giver Receiver
Federal or State? Both Both State
Now that we’ve defined those terms, we can talk about appraisal fraud. This is when an individual or organization either inflates or deflates the value of a property dishonestly. The reasons for doing so can vary; however, the most often reason for committing this form of fraud is to manipulate mortgage rates, which is why it is also sometimes referred to as mortgage fraud. The FBI has stated that this particular form of fraud was a major contributing factor to the 2008 housing crisis.

So what does estate tax and appraisal fraud have to do with Donald Trump?
It’s important to note at this point that Donald Trump is not an only child. Although it sounds like he received quite a bit of special treatment from his father Fred, the truth is that his siblings also allegedly received substantial gifts and properties as well.

And in 1981, one of Donald’s siblings, Fred Trump Jr., passed away due to complications from alcoholism. This meant that all of his assets would be passed on to his surviving family members according to his will, which would be handled by his estate.

The individuals who were in charge of his estate, by the way, were Donald and Fred Sr.

This is the first instance reported by the New York Times in which Donald Trump participated in appraisal fraud in order to avoid paying estate taxes. Although the Times states that the inherited properties would have been worth over $90 million, a document they obtained shows that the estate (Donald and Fred Sr.) claimed they were only worth slightly over $13 million.

As a result of this, Fred Trump Jr.’s estate only had to pay $700,000 in estate taxes. If they had declared these properties on their estate tax return at their full value, they would have had to pay nearly $60 million according to estate tax rates and exclusions in that year.

The next instance in which the Times claims that Donald Trump committed appraisal fraud to pay less in estate taxes occurred in 1997 when his father passed away. According to another document provided by the publication, Fred Trump’s estate was said to have a total value of around $41 million. However, they then state that Donald was able to sell his share of the estate for $177.3 million in 2004.

Think about those numbers for a minute. How was Donald Trump able to turn a portion of $41 million into $177.3 million in just 7 years? As the Times tells it, he was able to do this by handling his late father’s estate the same was as he did his late brother’s: fraudulently.

Allegedly!

Commercial Appraiser CRE BLOG, 310.337.1973
3.

EARNINGS MEAN NOTHING TO TAX FRAUD LIKE AI, MAI, APPRAISAL INSTITUTE, DONALD TRUMP, RICO.

TOP ARTICLES
https://commercialappraiser.typepad.com/blog/2019/09/property-appraiser-reduces-value-of-trumps-miami-hotel-miami-herald.html


Commercial Appraiser CRE BLOG, 310.337.1973
4.

Donald Trump's archenemy: the property appraiser | Opinion - South Florida Sun-Sentinel
Donald Trump's archenemy: the property appraiser | Opinion - South Florida Sun-Sentinel.
@REALSONALDTRUMP #appraisalinstitute #ai, #realestate

Commercial Appraiser CRE BLOG, 310.337.1973
5.

FACT CHECK: Does The Republican Tax Bill Include a Loophole Benefitting Golf Course Owners?
FACT CHECK: Does The Republican Tax Bill Include a Loophole Benefitting Golf Course Owners?.
Does The Republican Tax Bill Include a Tax Loophole Benefitting Golf Course Owners?

Commercial Appraiser CRE BLOG, 310.337.1973
6.

FBI
@FBI
Official Twitter Page of the FBI. Do not report tips here. Submit tips on terrorism or federal crimes at (link: http://tips.fbi.gov) tips.fbi.gov. For emergencies, dial 911.

Commercial Appraiser CRE BLOG, 310.337.1973
7.

The 216-acre Seven Springs property straddles three towns and neighbors the drinking water supply of another. Trump paid $7.5 million for the property in 1995, and after attempting to develop it for 20 years decided to preserve most of the untouched land in a conservation easement in 2015.

But the property was never developed, and in December 2015, six months after launching his campaign for president, Trump preserved most of it with a conservation easement. He can claim a tax deduction from the easement. The property is listed in his financial disclosure form as being worth $50 million.

The conservation easement is now part of a June 2018 complaint filed by the New York attorney general alleging that the Donald J. Trump Foundation was improperly used to pay the president's expenses.

That includes a $32,000 payment the foundation made for the conservation easement to the North American Land Trust, which the attorney general alleged should have come from a different Trump-owned group called Seven Springs LLC. Seven Springs would later reimburse the Trump Foundation after the state began its investigation. https://www.eenews.net/stories/1060367799

Commercial Appraiser CRE BLOG, 310.337.1973
8.

What we know so far about Trump’s tax returns, explained
Plenty of dodgy old behavior has been exposed, but the newer stuff is shrouded in mystery.

The big headline conclusion of analyzing the returns, though, is that over this 10-year period, Trump reported more than $1 billion in business income losses, allowing him to pay no federal income tax for eight of the 10 years, despite his obviously high standard of living.

https://www.vox.com/2019/5/21/18634939/trump-tax-returns-irs-memo

Commercial Appraiser CRE BLOG, 310.337.1973
9.


It's now up to a judge to decide whether or not U.S. President Donald Trump's tax returns should be released to the House Ways and Means Committee, as the matter now heads to court.
Photographer: Saul Loeb/AFP/Getty Images

News
HILL TAX BRIEFING: Digging Into Dems’ Trump Tax Return Lawsuit
Posted July 3, 2019, 3:02 AM
Democrats’ fight for President Donald Trump’s tax returns now heads to the courts, and the pace of what comes next will be up to the judge selected to consider it.

The House Ways and Means Committee yesterday escalated its pursuit of six years of Trump’s business and personal tax returns, as the panel sued IRS Commissioner Charles Rettig and Treasury Secretary Steven Mnuchin. Ways and Means Chairman Richard Neal (D-Mass.) first sought the records in April.

House Democrats will be eager to see the returns before the 2020 election, in case Republicans take back the House and “undoubtedly quash the request,” said Steven Rosenthal, a senior fellow in the Urban-Brookings Tax Policy Center.

Commercial Appraiser CRE BLOG, 310.337.1973
10.

https://www.google.com/search?q=trump+appraisal+institute+rico&rlz=1C1YQLS_enUS748US748&oq=trump+appraisal+institute+rico&aqs=chrome..69i57j69i60l2.12197j0j4&sourceid=chrome&ie=UTF-8

Commercial Appraiser CRE BLOG, 310.337.1973
11.

COMMERCIAL APPRAISERStatus is online
COMMERCIAL APPRAISER
Commercial Appraiser at The Harris Company, REA/C, 310.337.1973, harris_curtis@sbcglobal.net
3m
We have decided to upload more files from our AI, MAI, appraisal institute file. It contains Garbage Appraisals and other #planning #entrepreneurship #group #funding #smallbusiness #innovation #information #commercials #theworld #day #startup #crowdfunding #venturecapital #entrepreneurs #startups #blockchain #linkedin #banking #bitcoin #ethereum #twitter #facebook #trump #crypto #cpd #ico #fintech #donaldtrump #knowledgesharing #members #cse #mobileapplications #taxlaw #groupon #theloop Documentation illustrative of their Fraud, and Dishonest Conduct.

https://lnkd.in/gpJCZgh

#realestate #appraisal #appraisal #business #forsale #internationalrealestate #realtor #commercialrealestate #realestateinvestor #cre #properties #property #realestateagent #closings #broker #realestatedevelopment #opportunityzone #downtown #residential #appraisers #appraiser #home #house #homeowners #opportunityzones #investor #investment #affordablehousing #housing #housing #estateagents #largest #miami #florida #investors #architecture #orlando #investments #buildings #view #commercial #valuation #fanniemae #tower #coming #investing #losangeles

#ai #financeandeconomy #documentation #mai #news #entrepreneur #finance #indiana #technology #goodnews #value
Posted at 10:37 AM | Permalink

Commercial Appraiser CRE BLOG, 310.337.1973
12.

https://www.nytimes.com/2019/02/27/business/donald-trump-buffalo-bills-deutsche-bank.html

n the documents, Mr. Trump reported a net worth of up to about $8.7 billion, with much of it coming from the value of his brand and his portfolio of residential properties, office buildings and golf resorts in the United States and overseas.

Mr. Cohen told members of the House Oversight Committee that he was there when the documents were presented to Deutsche Bank. “I believe these numbers are inflated,” he told the committee. He did not elaborate on which assets he was referring to or to what degree their values were exaggerated.

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But the documents provide a glimpse of values Mr. Trump assigned to some of his properties that are out of line with other available estimates.

[The testimony could create more legal issues for the president.]

On his 2012 balance sheet, Mr. Trump described an estate he owns in Westchester County, N.Y., as being worth $291 million. He bought the property, Seven Springs, in 1996 for $7.5 million. In 2018, Mr. Trump said in a federal ethics filing that the property was worth no more than $50 million.

Also in 2012 — just as the economy was beginning to recover from the financial crisis — Mr. Trump valued his skyscraper at 40 Wall Street in Lower Manhattan at $527 million. An article in The Wall Street Journal that year reported that property had a value of about $400 million, based on sales of comparable properties. It would be three more years until the building achieved Mr. Trump’s valuation, according to Trepp, which tracks commercial real estate lending.

The 2012 Journal article also estimated that Mr. Trump’s golf resorts and related real estate in the United States and Scotland were worth nearly $1.6 billion. The Bloomberg Billionaire’s Index as of this week valued those properties at $650 million.

In the 2013 financial statement, Mr. Trump said that $4 billion of his nearly $9 billion net worth was attributable to his “brand value.” He did not report such a hard-to-measure asset in 2011 and 2012

Commercial Appraiser CRE BLOG, 310.337.1973
13.

https://commercialappraiser.typepad.com/blog/2019/06/trump-appraisal-institute-mai-ai-rico.html

Commercial Appraiser CRE BLOG, 310.337.1973
14.

Background - Abusive Transactions Involving Charitable Contributions of Easements

In recognition of our need to preserve our heritage, Congress allowed an income tax deduction for owners of significant property who give up certain rights of ownership to preserve their land or buildings for future generations.

The IRS has seen abuses of this tax provision that compromise the policy Congress intended to promote. We have seen taxpayers, often encouraged by promoters and armed with questionable appraisals, take inappropriately large deductions for easements. In some cases, taxpayers claim deductions when they are not entitled to any deduction at all (for example, when taxpayers fail to comply with the law and regulations governing deductions for contributions of conservation easements). Also, taxpayers have sometimes used or developed these properties in a manner inconsistent with section 501(c)(3). In other cases, the charity has allowed property owners to modify the easement or develop the land in a manner inconsistent with the easement’s restrictions.

Another problem arises in connection with historic easements, particularly façade easements. Here again, some taxpayers are taking improperly large deductions. They agree not to modify the façade of their historic house and they give an easement to this effect to a charity. However, if the façade was already subject to restrictions under local zoning ordinances, the taxpayers may, in fact, be giving up nothing, or very little. A taxpayer cannot give up a right that he or she does not have.

Commercial Appraiser CRE BLOG, 310.337.1973
15.

https://commercialappraiser.typepad.com/blog/2019/06/trump-ai-mai-appraisal-institute-rico.html

Commercial Appraiser CRE BLOG, 310.337.1973
16.

Trump Investigations and the RICO vs Conspiracy Puzzle - Just Security

https://www.justsecurity.org/63233/trump-investigations-rico-conspiracy-puzzle/
Mar 14, 2019 - Under RICO, the government must prove the existence of “an association in fact,” which engaged in a pattern of racketeering activity, including ...

Commercial Appraiser CRE BLOG, 310.337.1973
17.

Tax Fraud By The Numbers: The Trump Timeline - Accounting Institute ...

https://www.ais-cpa.com/tax-fraud-by-the-numbers-the-trump-timeline/
Jump to So what does estate tax and appraisal fraud have to do with Donald ... - ... this point that Donald Trump is not an ... Trump participated in appraisal ...

Commercial Appraiser CRE BLOG, 310.337.1973
18.

Commercial Appraiser and Forensic Consultant - A Full Service ...

https://commercial-appraiser-and-forensic.business.site/
A Full Service Commercial Appraiser serving all of Southern California. Open 24 ... TRUMP, APPRAISAL INS ... ai, mai, appraisal institute, appraisal, appraiser.
Commercial Appraiser and Forensic Consultant

https://commercial-appraiser-and-forensic.business.site/posts/2671950192146225805
May 12, 2019 - Commercial Appraiser and Forensic Consultant. DONALD TRUMP (PONTUS), THE APPRAISAL INSTITUTE (AI, MAI) + LAND TRUST ...

Commercial Appraiser CRE BLOG, 310.337.1973
19.

[PDF]SCOTT D. SMITH, MAI Mr. Smith is a Senior Vice ... - Appraisal Institute

https://www.myappraisalinstitute.org/findappraiser/mbrresume.aspx?p...
membership association of professional real estate appraisers - and is Colliers .... the Trump International Golf Club, the proposed residential community will.

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