A federal appeals panel on Monday said President Trump’s accounting firm must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, a setback for the president’s attempt to keep his financial records private.
But the tax returns are not likely to be handed over soon. Mr. Trump has fought vigorously to shield his tax returns, and the case appears headed to the United States Supreme Court.
Mr. Trump had sought to block his accounting firm from releasing the tax returns to the Manhattan district attorney’s office. Prosecutors in the office are investigating the role of the president and his business in hush-money payments made to two women just before the 2016 presidential election.
The legal fight began in late August after the office of Mr. Vance, a Democrat, subpoenaed Mr. Trump’s accounting firm, Mazars USA, for his tax returns and those of his family business dating to 2011.
The office sought the records in connection with an investigation into whether any New York State laws were broken when Mr. Trump and his company, the Trump Organization, reimbursed the president’s former lawyer and fixer, Michael D. Cohen, for payments he made to the adult film actress Stormy Daniels, who claimed she had an affair with Mr. Trump. Mr. Cohen was also involved in money paid to Karen McDougal, a Playboy model who also said she had a relationship with Mr. Trump. The president has denied the relationships.
The post Trump Taxes: Appeals Court Rules President Must Turn Over 8 Years of Tax Returns appeared first on New York Times.