Clinton foundation tax returns being refiled because of substantial errors

Reuters:
Hillary Clinton's family's charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors.

The foundation and its list of donors have been under intense scrutiny in recent weeks. Republican critics say the foundation makes Clinton, who is seeking the Democratic presidential nomination in 2016, vulnerable to undue influence. Her campaign team calls these claims "absurd conspiracy theories."

The charities' errors generally take the form of under-reporting or over-reporting, by millions of dollars, donations from foreign governments, or in other instances omitting to break out government donations entirely when reporting revenue, the charities confirmed to Reuters.

The errors, which have not been previously reported, appear on the form 990s that all non-profit organizations must file annually with the Internal Revenue Service to maintain their tax-exempt status. A charity must show copies of the forms to anyone who wants to see them to understand how the charity raises and spends money.

The unsettled numbers on the tax returns are not evidence of wrongdoing but tend to undermine the 990s role as a form of public accountability, experts in charity law and transparency advocates interview told Reuters.
...
At a minimum this reflects sloppy record keeping by the foundation and in providing proper documentation to their accountants who prepared the taxes.   That seems consistent with Hillary Clinton's inconsistent management style while Secretary of State.  She claims she did not review documents addressed to her warning about the dangers of the situation in Benghazi.  It looks like she and Bill may use the same excuse when it comes to the management of their foundation.  If they can't handle issues like this how can they be expected to manage the government?

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare