fine-mess

BOOM! The IRS is Also Investigating the Clinton Foundation!

Perhaps it’s because they are growing tired of targeting conservatives–because now the IRS is investigating the Clinton Foundation (and it is totally separate from the FBI’s investigation of Clinton emails or the FBI’s investigation of the Clinton Foundation/Pay For Play.

As reported in the Dallas Observer:

Earlier this year, 64 GOP members of Congress asked the IRS to investigate why the foundation can keep its nonprofit status. The letter includes “media reports” claiming pay-to-play relationships between former President Bill Clinton, who received large speaking fees, and decisions made by Hillary Clinton to approve choices that benefited foundation donors.(…)

In July, the IRS sent letters back to the Congress informing members the review had begun. The letter also noted that the Tax Exempt and Government Entities Division (TE/GE) office in Dallas would be conducting the review.

IRS spokespeople in Dallas and Washington won’t say why the review is being conducted in Dallas. Spokespeople claim even this information would violate rules — Code 6103, staff make sure to cite — that stop them from discussing ongoing examinations. IRS officials declined to provide details about the Dallas office, including its size, or comment on the TE/GE work in general.

At issue is inurement, “inurement” is an arcane term for “benefit.”  The inurement prohibition forbids the use of the income or assets of a tax-exempt organization to directly or indirectly unduly benefit an individual or other person that has a close relationship with the organization or is able to exercise significant control over the organization.”

The IRS says “a 501(c)(3) organization must not be organized or operated for the benefit of private interests, such as the creator or the creator’s family, shareholders of the organization, other designated individuals, or persons controlled directly or indirectly by such private interests. No part of the net earnings of a section 501(c)(3) organization may inure to the benefit of any private shareholder or individual. A private shareholder or individual is a person having a personal and private interest in the activities of the organization.”

Or to put it a different way according to the IRS pay for play is a bad thing for a 501(C)(3)  .”The TE/GE folks [are]looking for specific examples of inurement. Instead of money changing hands, the IRS is looking to see if the Clintons traded money for preferential treatment.”

 

Read the Rest of the Shocking Story at the Lid

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