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Thu May 19, 2016, 08:20 PM May 2016
Ahhh...Those Pesky Income Tax Returns...Can't wait for Trump's returns...if he Ever Releases.
Clinton Foundation refiles tax returns
It is correcting errors that came to light during Hillary Clinton's campaign.
By Josh Gerstein and Kenneth P. Vogel
Updated 11/16/15 10:57 PM EST
When POLITICO raised questions earlier this year about the omission from those disclosures of some paid speeches by former President Bill Clinton, officials said the fees for those speeches went to the foundation and were treated as payment for a service rendered on behalf of the foundation. Clinton aides said that as a result the payments did not need to be disclosed even though the forms require listing payments directed to charities in lieu of honoraria.
The foundation also filed its 2014 return Monday, disclosing that money the charity took in from speeches by the Clintons surged in 2014 to $3.6 million.
In a statement, the foundation appears to acknowledge that for at least three years, its tax returns reported speech income in a manner inconsistent with financial disclosure forms Hillary Clinton filed as secretary of state.
However, in a statement Monday, the foundation acknowledged that from 2010 to 2012, such payments were recorded in the organizations tax filings as donations to the charity. President Clinton, Secretary Clinton, and Chelsea Clinton have supported the Foundation by giving speeches on its behalf. In 2010, 2011, and 2012, this funding was listed under the statement of revenue as part of other charitable contributions, the statement said.
The foundation said its 2013 return filed last year treated speech payments differently, recording them as revenue.That treatment is more accurate and comports with what speech sponsors were told in contracts and correspondence, the statement said. Consistent with this treatment as a fee-for-service and not a donation, the Foundation did not send any donor acknowledgement letters to these speech hosts, the foundation said.
The newly filed 2014 return and amended returns for the previous three years break out speech revenue on a separate line and categorize it as a payment for a service, not a donation.
The figures show speech-related payments to the foundation totaled about $1.1 million in 2010, dropped slightly to about $980,000 in 2011, before ticking up markedly to nearly $1.5 million in 2012 and $1.8 million in 2013--and then doubling in 2014.
However, those sums are still just a fraction of what the Clintons made personally on speeches in recent years. Hillary Clinton pulled in almost $10.5 million in speaking fees last year, while her husband made $9.7 million, before expenses, according to tax returns that Hillary Clintons presidential campaign released in April.
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Ahhh...Those Pesky Income Tax Returns...Can't wait for Trump's returns...if he Ever Releases. (Original Post) KoKo May 2016 OP
Trump has Release his 70's Tax Returns I heard.. KoKo May 2016 #1
1. Trump has Release his 70's Tax Returns I heard..
Reply to KoKo (Original post)
Fri May 20, 2016, 06:38 PM
Paid No Taxes? No Problem..Explained away that "Trump is a Businessman" and "Takes Advantage of Every Loophole" that he now claims he wants to do away with.