If so, then why hasn’t the IRS prosecuted Trump for tax fraud yet? There are two possible reasons. One is that the line between tax evasion (illegal, if you get caught) and tax avoidance (generally legal) is not always clear. The other is the six-year statute of limitations, which protects big-time tax evaders/avoiders like Trump. (More here, via Irina Ivanova at CBS Money Watch.) Or, in the alternative, is our complicated and convoluted tax code to blame for this eggregious state of affairs? Either way, here is a thread on the legality of Trump’s crude tax avoidance strategies.