In recent testimony, Jeffrey McConney, the former CFO of the Trump Organization, stated that Allen Weisselberg, another former executive, did not disclose any information regarding what Michael Cohen, former lawyer for Donald Trump, was seeking reimbursement for in 2017.
McConney clarified that the decision to increase the payment to $180,000 did not align with standard practices, as expense reimbursements are typically not subject to taxation.
During the questioning, McConney was asked about how Michael Cohen reported these payments on his taxes, to which he responded that he was not aware of the specifics.
The testimony sheds light on the financial intricacies surrounding the payments made to Michael Cohen and raises questions about the transparency and tax implications of such transactions.
