Tuesday, October 4, 2016

Washington Post: Trump Pays IRS a Penalty for His Foundation Violating Rules With Gift to Aid Florida Attorney General

By David A. Fahrenthold:

Donald Trump paid the IRS a $2,500 penalty this year, an official at Trump's company said, after it was revealed that Trump's charitable foundation had violated tax laws by giving a political contribution to a campaign group connected to Florida's attorney general.

The improper donation, a $25,000 gift from the Donald J. Trump Foundation, was made in 2013. At the time, Attorney General Pam Bondi was considering whether to investigate fraud allegations against Trump University. She decided not to pursue the case.

Earlier this year, The Washington Post and a liberal watchdog group raised new questions about the three-year-old gift. The watchdog group, Citizens for Responsibility and Ethics in Washington, filed a complaint with the IRS — noting that, as a registered nonprofit, the Trump Foundation was not allowed to make political donations.

The Post reported another error, which had the effect of obscuring the political gift from the IRS.

In that year's tax filings, The Post reported, the Trump Foundation did not notify the IRS of this political donation. Instead, Trump's foundation listed a donation — also for $25,000 — to a Kansas charity with a name similar to that of Bondi's political group. In fact, Trump's foundation had not given the Kansas group any money.

The Full Story (September 1, 2016)

No comments:

Post a Comment