S.588

Presidential Audit and Tax Transparency Act amends the Internal Revenue Code to require examination and disclosure of Presidential income tax returns.

The Presidential Audit and Tax Transparency Act amends the Internal Revenue Code to mandate the examination of Presidential income tax returns and the disclosure of these returns, along with related reports and audit materials, to the public. The Secretary of the Treasury must conduct an examination of each Presidential income tax return and disclose the results, including initial, periodic, and final reports, within specified timeframes. Certain information, such as social security numbers and addresses, is redacted before public disclosure.