Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
2016 Postmortem
Related: About this forumThe Trump Foundation’s Got Problems with Its Taxes. Again.
The Trump Foundations Got Problems with Its Taxes. Again.
New documents obtained by Citizens for Responsibility and Ethics in Washington (CREW) show that not only did the Trump Foundations attempts to address tax issues stemming from an illegal political donation to support Florida Attorney General Pam Bondi contain serious errors, they also presented materials to the New York Attorney General that raise significant questions about how they operate and the veracity of their previous claims.
Following a March 21st IRS complaint filed by CREW alleging both the illegal donation and false reporting on the Trump Foundations tax returns for failure to disclose the donation, Trump spokespeople admitted error, but claimed that it was the result of numerous innocent mistakes. They then claimed that they had corrected their 2013 taxes by filing IRS Form 4720 and paying a $2,500 fine. The IRS, however, told CREW that the Foundation never filed a form amending their 2013 taxes.
Despite the form being readily available, the Foundation did not file a 2013 Form 4720, instead opting for a 2015 form. The first line gives an option to fill in dates if the form is not being used for calendar year 2015. The Foundation wrote in the year ending December 31, 2015, which is why anyone looking for it within their 2013 tax returns would find no mention of the illegal donation [p. 15].
Things get worse for the Trump Foundation in documents they turned over to the NY AG. They have maintained since March that Trump staff (most likely Trump Organization staff, as the Foundation does not appear to employ anyone) looked up Bondis group, And Justice For All, in a book of charitiesIRS Publication 78and saw a Utah-based group with that name, and assumed the check was supposed to go to there (though they then claimed the money had gone to a separate Kansas group on their taxes). However, in June 2011, two years before Bondi solicited Trump, the IRS announced that foundations could no longer rely on the paper version of Publication 78. Amazingly, the version they told the NY AG they used is dated September 30, 2007, meaning they only considered charities that existed in 2007, and may have continued to do so up until 2016 [p. 29].
Were past the point where a reasonable person could believe this ..............
New documents obtained by Citizens for Responsibility and Ethics in Washington (CREW) show that not only did the Trump Foundations attempts to address tax issues stemming from an illegal political donation to support Florida Attorney General Pam Bondi contain serious errors, they also presented materials to the New York Attorney General that raise significant questions about how they operate and the veracity of their previous claims.
Following a March 21st IRS complaint filed by CREW alleging both the illegal donation and false reporting on the Trump Foundations tax returns for failure to disclose the donation, Trump spokespeople admitted error, but claimed that it was the result of numerous innocent mistakes. They then claimed that they had corrected their 2013 taxes by filing IRS Form 4720 and paying a $2,500 fine. The IRS, however, told CREW that the Foundation never filed a form amending their 2013 taxes.
Despite the form being readily available, the Foundation did not file a 2013 Form 4720, instead opting for a 2015 form. The first line gives an option to fill in dates if the form is not being used for calendar year 2015. The Foundation wrote in the year ending December 31, 2015, which is why anyone looking for it within their 2013 tax returns would find no mention of the illegal donation [p. 15].
Things get worse for the Trump Foundation in documents they turned over to the NY AG. They have maintained since March that Trump staff (most likely Trump Organization staff, as the Foundation does not appear to employ anyone) looked up Bondis group, And Justice For All, in a book of charitiesIRS Publication 78and saw a Utah-based group with that name, and assumed the check was supposed to go to there (though they then claimed the money had gone to a separate Kansas group on their taxes). However, in June 2011, two years before Bondi solicited Trump, the IRS announced that foundations could no longer rely on the paper version of Publication 78. Amazingly, the version they told the NY AG they used is dated September 30, 2007, meaning they only considered charities that existed in 2007, and may have continued to do so up until 2016 [p. 29].
Were past the point where a reasonable person could believe this ..............
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 816 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (8)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
The Trump Foundation’s Got Problems with Its Taxes. Again. (Original Post)
Coyotl
Oct 2016
OP
Angry Dragon
(36,693 posts)1. Trump likes to sue so sue the shit out of him
Wellstone ruled
(34,661 posts)2. This is only the start of something really really bigie.