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Latest News : Trump lawyer Michael Cohen owes N.Y. $54G in cab medallion taxes
He had cash to pay porn star Stormy Daniels $130,000, however not the greater than $50,000 to pay the state for his medallion taxes.
President Trump’s longtime private lawyer and fixer, Michael Cohen, and his spouse, Laura, owe $53,836 in unpaid taxi taxes, based on the state’s Division of Taxation and Finance.
Cohen owns at the least 32 taxi medallions which have been managed by associates related to the “Taxi King,” Evgeny Freidman.
Taxi passengers should pay an added 50 cents charge throughout every journey. Medallion homeowners are required to ship that cash to the state to assist fund MTA operations.
However that hasn’t occurred in some instances for Cohen’s medallions, state tax data present.
The 11 tax warrants vary from $2,031 to $10,166, data present. The oldest dates again to 2013, and the newest is from this 12 months.
They have been all despatched to Michael Cohen immediately and a few checklist his dwelling tackle on Park Ave. in Manhattan. The warrants are related to a few firms: Smoochie Cab Corp., Martha Cab Corp., and Laf Hacking Corp.
The Every day News first reported on Cohen’s tax travails in August, when he and his spouse owed $37,434 for unpaid taxi taxes. Since then, the debt has continued to develop.
To punish tax scofflaws, the state has the facility to garnish wages, seize property, or droop driver’s licenses. They’ll additionally subpoena scofflaws and demand they element their funds below oath. However that drastic step is nearly by no means taken.
Cohen, 51, has blamed Freidman, a Russian-born taxi magnate, for the tax mess, based on a report in TalkingPointsMemo.
Freidman was arrested final June and charged with 4 counts of prison tax fraud and a depend of grand larceny. The case is pending.
On Monday, FBI brokers raided Cohen’s workplace and grabbed paperwork associated to his taxi medallion possession, CNN reported.
The brokers additionally took data tied to his $130,000 fee to Daniels 11 days earlier than the presidential vote in 2016. Daniels says she was paid to maintain quiet about an affair she had with the married Trump in 2006.
Cohen says he made the fee together with his personal cash through a home-equity line of credit score. He has insisted that the Trump Group and the Trump marketing campaign didn’t pay him again.
Cohen couldn’t be reached for remark Tuesday.
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