The NYT is now reporting that:
[T]he Trumps appeared to have done more than exploit legal loopholes . . . . the conduct described [in the NYT article] represent[s] a pattern of deception and obfuscation, particularly about the value of Fred Trump’s real estate, that repeatedly prevented the I.R.S. from taxing large transfers of wealth to his children.
Just so that it’s clear, 26 U.S.C. §§ 6501(c)(1) and 6501(c)(2) provide that:
(1) In the case of a false or fraudulent return with the intent to evade tax, the tax may be assessed, or a proceeding in court for collection of such tax may be begun without assessment, at any time.
(2) In case of a willful attempt in any manner to defeat or evade tax imposed by this title (other than tax imposed by subtitle A or B), the tax may be assessed, or a proceeding in court for the collection of such tax may be begun without assessment, at any time.
It seems worthy of mention that Allen Weisselberg, the long-time Trump CFO, went to work for Fred Trump in 1970.