Clinton Foundation wasn't in compliance with tax status
Posted: Wed Sep 14, 2016 3:08 am
http://dailycaller.com/2016/09/12/the-c ... g-problem/
The Bill, Hillary, and Chelsea Clinton Foundation improperly exploited its tax status to expand in size and stature, Daily Caller News Foundation investigations indicate.
TheDCNF’s Mark Tapscott and Richard Pollock reported in recent weeks that the Clinton Foundation deceived the IRS with respect to its tax status, and that the Foundation often does not abide by good governance practices common to charities. Taken together, these revelations could present a significant legal problem for the Foundation.
As Tapscott reports, when the Foundation registered as a charity with the IRS in 1997, it was designated strictly as a presidential archive. The agency defines an archive as a repository for the records, papers, and communiques generated during the course of a presidency. In addition, the Clintons also declared their intent to house a research facility relating to Bill’s presidency on the same site. Those express purposes were authorized by the IRS at the exclusion of all other activities.
The Bill, Hillary, and Chelsea Clinton Foundation improperly exploited its tax status to expand in size and stature, Daily Caller News Foundation investigations indicate.
TheDCNF’s Mark Tapscott and Richard Pollock reported in recent weeks that the Clinton Foundation deceived the IRS with respect to its tax status, and that the Foundation often does not abide by good governance practices common to charities. Taken together, these revelations could present a significant legal problem for the Foundation.
As Tapscott reports, when the Foundation registered as a charity with the IRS in 1997, it was designated strictly as a presidential archive. The agency defines an archive as a repository for the records, papers, and communiques generated during the course of a presidency. In addition, the Clintons also declared their intent to house a research facility relating to Bill’s presidency on the same site. Those express purposes were authorized by the IRS at the exclusion of all other activities.