Thursday, April 23, 2015

Fox News: Clinton charities reportedly will refile tax returns due to foreign donation reporting errors

Dana Perino
Credit:  Fox News via screenshot
Apr. 23, 2015

Charities with ties to Hillary Clinton will re-file at least five tax returns after errors in how donations from foreign governments were disclosed, according to a published report.

Reuters reported early Thursday that the errors on form 990s include under-reporting or over-reporting by millions of dollars the amounts donated by foreign governments, as well as not disclosing the donations as separate from total revenue. Reuters also reported that officials may audit other returns filed by the Clinton Foundation as far back as 15 years ago in the event of more errors being found.

The report will likely add a new layer of scrutiny to the foundation, which has been criticized by Republicans and ethics experts for its ongoing ties to several foreign governments during the early stages of Hillary Clinton's run for the 2016 Democratic nomination.

According to Reuters, the discrepancies are not evidence of wrongdoing in and of themselves, but they do undermine the 990s purpose of holding charities accountable for their funding and expenditures.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.