11-22-2016, 07:41 AM
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#2528
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Franchise Player
Join Date: Apr 2012
Location: Maryland State House, Annapolis
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Speaking of actual high quality journalism....
Quote:
President-elect Donald Trump’s charitable foundation has apparently admitted to the IRS that it violated a legal prohibition against “self-dealing,” which bars nonprofit leaders from using their charity’s money to help themselves, their businesses, or their families.
That admission was contained in the Donald J. Trump Foundation’s IRS tax filings for 2015, which were posted online Monday evening at the nonprofit-tracking site Guidestar. A Guidestar spokesman said the forms were uploaded by the Trump Foundation’s law firm, Morgan, Lewis and Bockius.
The Post could not immediately confirm if the same forms had actually been sent to the IRS.
In one section of the form, the IRS asked if the Trump Foundation had transferred “income or assets to a disqualified person.” A disqualified person, in this context, might be Trump — the foundation’s president — or a member of his family, or a Trump-owned business.
The foundation checked “yes.”
Another line on the form asked if the Trump Foundation had engaged in any acts of self-dealing in prior years. The Trump Foundation checked “yes” again.
Such violations can carry penalties including excise taxes, and the charity leaders can be required to repay money that the charity spent on their behalf.
During the presidential campaign, The Washington Post reported on several instances in which Trump appeared to use the Trump Foundation’s money to buy items for himself, or to help one of his for-profit businesses.
But the new Trump Foundation tax filings provided little detail, so it was unclear if these admissions were connected to the instances reported in The Post.
The Trump Foundation tax forms did not, for instance, describe any specific acts of self-dealing. They also did not say whether Trump had paid any penalties already. That kind of detail would be submitted on a separate IRS form, which was not included in the information posted online Monday.
Spokespeople for Trump’s presidential campaign did not respond to a request for comment sent early Tuesday morning.
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https://www.washingtonpost.com/polit...dd0_story.html
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"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
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