Did Donald Trump Use His Foundation to Avoid Paying Taxes?
by Roger Parloff @rparloff SEPTEMBER 27, 2016, 1:45 PM EDT
New bombshell report from the Washington Post raises questions.
A high-end ticket broker was instructed to divert almost $1.9 million that he owed Republican presidential candidate Donald J. Trump for business transactions to Trump’s private foundation instead, the Washington Post reported yesterday, citing two unnamed sources.
Such a diversion, known among tax lawyers as “an assignment of income,” would ordinarily violate the law unless the taxpayer also reported the funds as income on his tax returns. Trump has not disclosed his income tax returns—the first presidential candidate in decades not to do so—and his campaign declined to tell Post reporter David A. Fahrenthold (or Fortune) whether he reported the Ebers income on his return.
more:
http://fortune.com/2016/09/27/trump-foundation-avoid-taxes-charity/

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