Gates Foundation, Warren Buffett, Others Should Worry About Donations to Clinton ‘Charities’, by Charles Ortel

There are a lot of unexplored and unexplained tax issues for both the Clinton Foundation and its donors that could land them in hot water. From Charles Ortel at lifezette.com:

The revived FBI and continuing IRS investigations will eventually realize due diligence has been lacking from the start

So the FBI is again investigating the “Bill, Hillary & Clinton Foundation.” That should make Bill and Melinda Gates, Warren Buffett, and other affluent Americans who have given to the Clinton Foundation wish they had asked more questions before writing those checks.

Here’s why: “Due diligence” doesn’t end when the Clinton “charities” cash your check.

The FBI agents and forensic accountants probing the Clinton Foundation must go all the way back to Oct. 23, 1997, and examine precisely how a public charity, organized to hold federal records of the Clinton presidency, somehow evolved by 2002 to “fight HIV/AIDS internationally,” plus a raft of additional tax-exempt purposes that were never properly authorized in the foundation’s Articles of Incorporation.

The FBI should train its sights on the Dallas office of the IRS. On May 19, 2015, Rep. Marsha Blackburn (R-Tenn.) and colleagues in the U.S. House of Representatives called on the federal tax agency to investigate the Clinton Foundation. The IRS treated this solidly grounded request dismissively.

It was not until July 22, 2016, following a second congressional request led by Blackburn, that then-IRS chief John Koskinen said agency officials in Dallas would open a review of the multiple issues flagged by the Republican members of Congress.

Records already held by the IRS concerning the main Clinton Foundation and its affiliates are voluminous and include key information the public does not have, such as the names and precise amounts donated by major contributors each year from 1998 through 2016.

The IRS also has the ability to cross-check declarations made by the Clinton Foundation with declarations made by donors such as the Gates Foundation that are private foundations. The Clinton charity is a public foundation, and there are significant differences involved.

To continue reading: Gates Foundation, Warren Buffett, Others Should Worry About Donations to Clinton ‘Charities’

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