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Tax treatment of loan was wrong, tells Manafort accountant to court

The accountant, Cynthia Laporta, said the accounting treatment involved the 2014 tax year. "I very much regret it," she told the courtroom.


Reuters Last Updated at 04 Aug 2018, 01:08 IST United States
Tax treatment of loan was wrong, tells Manafort accountant to court
  • The accountant, Cynthia Laporta, said the accounting treatment involved the 2014 tax year. "I very much regret it," she told the courtroom. (Image Credit: Twitter)

An accountant for U.S. President Donald Trump's former campaign chairman Paul Manafort testified on Friday that she knew an accounting treatment for a loan was wrong when preparing Manafort's tax return.

The accountant, Cynthia Laporta, said the accounting treatment involved the 2014 tax year. "I very much regret it," she told the courtroom.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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