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Thread: Trump Inaugural Committee Failed To Disclose Key Finances To IRS

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    Cool Trump Inaugural Committee Failed To Disclose Key Finances To IRS

    President Trump’s inaugural committee failed to disclose to the IRS how much money it received in ticket revenue, TPM has found after reviewing the group’s tax filings, a failure that tax experts find perplexing.

    The Trump inaugural committee’s failure to identify the revenue it generated from the sale of tickets and other perks broke with the practice of previous inaugural committees. In doing so, the tax return that the committee filed with the IRS obscured a key metric of how it raised its record $106.7 million.

    On their tax returns, other recent inaugural committees broke out sales revenue separately from contributions from donors. Sales of tickets to events, which often include key officials from the incoming administration, and of merchandise or other items of value were typically listed on the inaugural committee’s tax return where it asks for “program service revenue.”

    The Trump inaugural committee did not report any “program service revenue” on its tax return, effectively concealing the amount of cash generated from tickets and anything else that it sold.

    “I can’t think of a legitimate reason why one would not do that,” Marcus Owens, an attorney at Loeb & Loeb who served as director of the IRS’s exempt organizations division for 10 years, told TPM. “Confusion by the accountant perhaps. Obviously, the form calls for it, so the form is not complete and accurate if doesn’t do that.”.................................

    Read more: https://talkingpointsmemo.com/muckra...ue-tax-returns



    Slimy SOB !! ... this guys will be in court for the rest of his pathetic life


    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Trump suckers whine about the Clinton Foundation all day long while their daddy runs scam after scam defrauding anyone stupid enough to ante up

    so while Trump fleeces the general population the Foundation has focused on tackling a number of the world's greatest challenges: Global Health; Climate Change; Economic Development; Health and Wellness; and improving opportunity for Girls and Women.

    they hate that shit, love con men and multiple felons

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    I've Stop saying ... what if Barack Obama did that ...
    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Keep trying Totally Drunk Symptoms (TDS)

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    Quote Originally Posted by Bourbon View Post
    I've Stop saying ... what if Barack Obama did that ...
    Yet, you just said it, again.

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    Quote Originally Posted by Enlightened One View Post
    Yet, you just said it, again.

    No ... I wrote it.
    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Can Cigar give us even one reason to believe the media anymore? Just one.
    Every life matters

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    Quote Originally Posted by countryboy View Post
    Can Cigar give us even one reason to believe the media anymore? Just one.

    Tomorrow is going to be a Wintry Mix of Snow and Light Rain.

    I don't know about you, but I believe them.

    Say Hello to my Little Bitches ... I can't, or they'll discover my new handle.

    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Quote Originally Posted by countryboy View Post
    Can Cigar give us even one reason to believe the media anymore? Just one.
    I don't know who Cigar is...but I can.

    Because the media is doing its job...reporting.

    I might point out that the media "doing its job" is a shitload more than the Trump administration is doing.

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    Quote Originally Posted by Frank Apisa View Post
    I don't know who Cigar is...but I can.

    Because the media is doing its job...reporting.

    I might point out that the media "doing its job" is a shitload more than the Trump administration is doing.
    How many fake stories have been reported in the last two years? Why should we believe a word they say?
    Every life matters

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    Quote Originally Posted by countryboy View Post
    How many fake stories have been reported in the last two years? Why should we believe a word they say?

    I'm with you, I don't watch Fox News, listen to Rudy Giuliani, Donald Trump or Sarah Sanders ...

    All they do is LIE all day ... how do you take it?
    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Quote Originally Posted by countryboy View Post
    How many fake stories have been reported in the last two years?
    Almost every time the media reports something Donald Trump says...it is probably reporting fake stories. The man lies almost every time he opens his mouth.

    So...there are a lot.

    Why should we believe a word they say?
    I'm not a fan of the word "believe"...but if you are using it in the sense, "accept as true"...there are occasions where you should. For instance, if the media reports that a large part of the government is shut down...you should accept that reporting.

    If the media reports that Donald Trump won the presidency...you should accept that.

    If the media reports that Donald Trump claims his victory was a landslide...you probably would be better off watching a quiz show on television.

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    Quote Originally Posted by countryboy View Post
    How many fake stories have been reported in the last two years? Why should we believe a word they say?
    you seem to mix up what the media says with what FOX says the other medias says

    that is what happens to idiots who swear to only one source

    they end up sounding really fucking stupid

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    Quote Originally Posted by Bourbon View Post
    President Trump’s inaugural committee failed to disclose to the IRS how much money it received in ticket revenue, TPM has found after reviewing the group’s tax filings, a failure that tax experts find perplexing.

    The Trump inaugural committee’s failure to identify the revenue it generated from the sale of tickets and other perks broke with the practice of previous inaugural committees. In doing so, the tax return that the committee filed with the IRS obscured a key metric of how it raised its record $106.7 million.

    On their tax returns, other recent inaugural committees broke out sales revenue separately from contributions from donors. Sales of tickets to events, which often include key officials from the incoming administration, and of merchandise or other items of value were typically listed on the inaugural committee’s tax return where it asks for “program service revenue.”

    The Trump inaugural committee did not report any “program service revenue” on its tax return, effectively concealing the amount of cash generated from tickets and anything else that it sold.
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