General Discussion

ALBliberal

(3,192 posts)

2. I agree (long time cpa here).

Reply to NowISeetheLight (Original post)

Thu Apr 11, 2024, 10:37 PM

Apr 2024

It’s like he received the income then turned around and spent it on non deductible legal costs. So just because the PAC is paying it directly shouldn’t matter.
Would seem a serious breach of campaign finance laws as well?
Our laws can’t keep up with this crazy guy.
Garland certainly can’t (not that he’s trying). Definitely not the IRS who has let him grift for years.
And he just plows ahead laughing at us law abiding citizens.

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Question - Shouldn't This Be Considered Income? [View all] NowISeetheLight Apr 2024 OP

CREW agrees with you. Frasier Balzov Apr 2024 #1

I agree (long time cpa here). ALBliberal Apr 2024 #2

Every campaign pays for legal services; so does every PAC brooklynite Apr 2024 #7

This is whast's wrong ... KPN Apr 2024 #8

He won't pay a penny. spanone Apr 2024 #3

This message was self-deleted by its author spanone Apr 2024 #4

Jerks like him always seem to get nailed by the IRS Warpy Apr 2024 #5

No its not, for this reason brooklynite Apr 2024 #6

If the ACLU provides you with a free lawyer to argue a reproductive rights case, should you consider that "income"? No. brooklynite Apr 2024 #9

I'm not a tax attorney . . . AverageOldGuy Apr 2024 #10

They can probably argue that it's a legitimate campaign expense unblock Apr 2024 #11