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Of course he can, there's nothing stopping him. He also said he would release his tax information as soon as his 'audit' had finished. Strange, don't you think, how magically every other president's taxes had been available for scrutiny? Here's some information for you; every business has an annual audit, so what's wrong with showing us what has already been audited from previous years? Sorry, but the 'audit' excuse doesn't wash. He's hiding something.
As a matter of policy, every presidents and vice presidents are immediately audited and have been for many years yet every other president has released their tax returns each year while in office. The audit argument hold no water at all...