Trump Used Charity to Settle Lawsuits-IRS Could Require Him To Pay Penalty Taxes Or Reimburse Foun

“Donald Trump spent more than a quarter-million dollars from his charitable foundation to settle lawsuits that involved the billionaire’s for-profit businesses,” the Washington Post reports.

“If the Internal Revenue Service were to find that Trump violated self-dealing rules, the agency could require him to pay penalty taxes or to reimburse the foundation for all the money it spent on his behalf. Trump is also facing scrutiny from the office of the New York attorney general, which is examining whether the foundation broke state charity laws.”



https://politicalwire.com/2016/09/20/trump-used-charity-to-settle-lawsuits/

MORE:
Trump used $258,000 from his charity to settle legal problems
In one case, from 2007, Trump sent a $100,000 check from the Donald J. Trump Foundation to settle a dispute resulting from the size of a flagpole at his Palm Beach, Fla., club.
http://www.pressherald.com/2016/09/20/trump-used-258000-from-his-charity-to-settle-legal-problems/
http://www.thedailybeast.com/cheats/2016/09/20/trump-used-charity-funds-to-settle-legal-problems.html?via=desktop&source=copyurl
https://www.washingtonpost.com/politics/trump-used-258000-from-his-charity-to-settle-legal-problems/2016/09/20/adc88f9c-7d11-11e6-ac8e-cf8e0dd91dc7_story.html?postshare=7751474381637324&tid=ss_tw