Cohen has said he fronted the money for Trump, but the president did not list any debts to the lawyer in his federally required financial disclosure filing previous year.
The disclosure caps a series of contradictory statements from Trump and his representatives on the scandal swirling around lawyer Michael Cohen - which has widened to ensnare major corporations and a Russian oligarch.
Essential Consultants is also the same company Cohen used to pay $130,000 to Daniels as part of a non-disclosure agreement barring her from talking about an alleged 2006 affair with Trump.
"I enjoy my law practice and look forward to prevailing on behalf of my client Stormy Daniels", he added, using the stage name of the actress, Stephanie Clifford.
Daniels claims she had an affair with Trump.
Cohen's discussions with Sater about the Trump Tower Moscow ended then, according to Yahoo News, but Sater said he continued working on a potential deal through December 2016, stopping only after Trump had been elected.
The deputy attorney general is overseeing the Department of Justice investigation into whether Trump aides colluded with alleged Russian meddling in the 2016 United States presidential election.
The payment is under investigation by federal prosecutors in NY.
The Washington Post reported that Mr Cohen is under investigation for possible bank fraud, wire fraud and campaign finance violations.
Before taking office, Trump said he shifted day-to-day control of his business to his sons, primarily Eric Trump. It seems, however, that Farrow's source felt compelled to make the public aware that the payments to Cohen that have come to light over the past week are merely a fraction of the whole.
Meanwhile, Citizens for Responsibility and Ethics has filed a complaint against Trump.
Ethics experts say that if that money isn't disclosed, Trump could be in violation of ethics laws for failing to disclose a reportable item, a violation for which others have been prosecuted. The President reimbursed that over the period of several months.
The report also showed Trump earned between $230,000 and $1.1 million in capital gains income on stock in iPhone maker Apple, Caterpillar, Microsoft and Pepsico.
At least, that's what Office of Government Ethics (OGE) Director David Apol believes.
Apple-Samsung Damages Redux Kicks off in Silicon Valley
The two companies are contesting whether Apple's patents protect part of the iPhone or the whole of it, CNET reports . But, it seems like that Apple is targeting Google by means of Samsung by demanding $1 Billion amount from Samsung .