Paul L. Caron
Dean


Monday, May 25, 2015

The IRS Scandal, Day 746

IRS Logo 2Forbes, Hillary Clinton Should Head IRS, Skilled With Charities, Transparency, Emails!, by Robert W. Wood:

House Republicans formally asked the IRS to review whether the Clinton Foundation is complying with the rules governing its tax-exempt status. The letter was signed by Marsha Blackburn and 51 other House Republicans, and comes on the heels of a flurry of reports and speculation about the Foundation’s international fundraising. Blackburn asked the IRS to respond within 30 days.

But is the IRS going to take any action? It hardly seems likely. Besides, an IRS spokesman has already said that the IRS does not comment on individual tax cases. More broadly, there is no reason to believe that the IRS will probe much of anything. Lois Lerner ran the tax exempt organizations wing of the IRS, but she evidently focused on what she thought were bad conservative causes. The Clinton Foundation is a charity, but seems inextricably entwined with politics, State Department business personal emails, and speech-making. ...

To anyone with a thinner coating of Teflon, the subject would be embarrassing: donations by foreign governments while Mrs. Clinton was Secretary of State. Mrs. Clinton resigned from the Foundation’s board after she announced her Presidential run. But upon becoming Secretary of State, Mrs. Clinton promised that the Foundation would stop accepting donations from foreign governments. It turns out there were exceptions. It also turned out–another oops–that the Foundation’s IRS tax filings were less than transparent.

https://taxprof.typepad.com/taxprof_blog/2015/05/the-irs-scandal-2.html

IRS News, IRS Scandal, Tax | Permalink

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