Mr Cohen, President Trump’s former attorney from 2006 to 2018, claimed on Twitter the US President called the Internal Revenue Service “f****** stupid” for issued the tax refund. Mr Cohen’s statement followed a bombshell New York Times report which claimed the President only paid $750 in income tax in 2016 and 2017, after the paper received Mr Trump’s tax records. Mr Trump has savaged the Times report, calling it “totally fake news” and claimed he paid much more.
Mr Cohen took to Twitter following the Times report to claim Mr Trump mocked the IRS for the enormous tax rebate.
Referencing his own tell-all book on the President called Disloyal, he said his claims “have been proven 100% true”.
The book said: “He held the check up for me to see, flabbergasted but also delighted.
“‘Can you believe how f****** stupid the IRS is?’ Trump asked.
“‘Who would give me a refund of ten f****** million dollars? They are so stupid!’”
In an interview with Yahoo News after the report was published, Mr Cohen also mentioned the President’s “biggest fear” is the IRS.
He added: “His biggest fear is … he will end up with a massive tax bill, fraud penalties, fines, and possibly even tax fraud.”
He also said on MSNBC: “In the year he paid $750 in taxes I paid more than $3 million.
“If I went to jail for 3 years for tax evasion he should get 300 years.”
Mr Cohen’s comments followed the Times report’s release on Sunday, which claimed it had obtained Mr Trump’s tax records from 2000 to 2017.
The paper claimed the President paid only $750 in income tax in 2016 and 2017, and paid nothing for 11 of the 18 years included in the report.
It claims Mr Trump minimised his taxes by reporting millions in losses across his business and property empire, despite his show The Apprentice bringing in $427.4 million over 18 years.
The President is also in huge debt according to the report, owing $421 million in loans and debt due within the next four years.
Mr Trump rubbished the Times report in a White House press briefing the same day.
He said on Sunday: “Actually, I paid tax, but — and you’ll see that as soon as my tax returns — it’s under audit.
“They’ve been under audit for a long time. The IRS does not treat me well.”
Mr Trump added on Monday he is “entitled” to the tax credits he received, and said on Twitter: “The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent.
“I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits.”
Alan Garten, a lawyer for the Trump Organisation, also said to the Times for its report that “most, if not all, of the facts appear to be inaccurate”.
He said: “Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
Mr Cohen was jailed for three years in December 2018 for tax evasion and campaign finance violations.
He was released early due to concerns over coronavirus, and is serving the remainder of his sentence under house arrest.
Mr Trump and the White House have frequently dismissed Mr Cohen’s claims, and trashed his books accusations as “fan fiction”.
White House spokesman Brian Morgenstern said in a statement after Mr Cohen’s book release: “He readily admits to lying routinely but expects people to believe him now so that he can make money from book sales.
“It’s unfortunate that the media is exploiting this sad and desperate man to attack President Trump.”