Kushner partners under tax investigation: Bloomberg report

"We have never been contacted about our taxes or an audit and to our knowledge, neither have any of our investors,” firm said

New York /
Feb.February 15, 2018 03:00 PM

Charles Kushner and Laurent Morali

U.S. tax authorities opened an investigation into lenders and investment partners of Kushner Companies sometime early last year, according to a new Bloomberg report, which cites a person familiar with the matter. Kushner Companies, however, said that “we have never been contacted about our taxes or an audit and to our knowledge, neither have any of our investors.”

Multiple people connected to the real estate investment firm have been subpoenaed within the past year, Bloomberg reported, but the publication said it wasn’t clear if Kushner Companies itself was subpoenaed. Bloomberg said the tax investigation appears unrelated to current investigations into Kushner Companies underway at the Securities and Exchange Commission and the U.S. Attorney’s office in Brooklyn.

In a statement to Bloomberg, Charles Harder, an attorney for Kushner Companies who has also worked with Jared Kushner, said: “Kushner Cos. is not under investigation for any tax issues. It has had no contact with anyone at the IRS or Justice Department Tax Division. It has received no subpoenas or audit requests about its taxes. It is not in tax court on any audits. If there is an investigation about others’ taxes, it has nothing to do with Kushner Cos. or its businesses.”

A spokesperson for Kushner Companies sent the following statement to The Real Deal: “In a rush to publish unsubstantiated information from unnamed sources Bloomberg has admitted in its own story that they are not clear on the facts. There’s a good reason that they are not clear on the facts – they got it wrong. If there is an audit of a third party, it has nothing to do with us. Bloomberg’s ‘so-called reporting’ is irresponsible and actionable. We have never been contacted about our taxes or an audit and to our knowledge, neither have any of our investors.” [Bloomberg]Will Parker


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
The Centre at Purchase at 1, 2, 3, 4 Manhattanville Road with George Comfort & Sons CEO Peter Duncan (George Comfort & Sons)
Westchester office park owned by George Comfort & Sons slated for auction
Westchester office park owned by George Comfort & Sons slated for auction
Attorney General Letitia James and A&E Real Estate CEO James Patchett (Getty, iStock)
A&E pays just $510K in lead-paint settlement
A&E pays just $510K in lead-paint settlement
Seeding from recapitalization of 25 health care properties
KKR, Cornerstone in $1B JV to develop health care facilities
KKR, Cornerstone in $1B JV to develop health care facilities
The Broadway location of Halloween Adventure (Facebook via New York Costumes / Halloween Adventure)
Halloween Adventure to vacate East Village home as retail condo hits market
Halloween Adventure to vacate East Village home as retail condo hits market
Bluerock Residential CEO Robert Ramin Kamfar (Owler)
NY-based multifamily REIT Bluerock explores sale
NY-based multifamily REIT Bluerock explores sale
Turnbridge Equities founder Andrew Joblon, KKR co-founder Henry Kravis and the distribution center (Getty, Turnbridge)
Turnbridge, Dune land $381M loan for Hunts Point site
Turnbridge, Dune land $381M loan for Hunts Point site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...