Why Donald Trump buying $12K of Tebow gear could potentially be an IRS violation

[Eugene]

Source: CBS Sports

Why Donald Trump buying $12K of Tebow gear could potentially be an IRS violation

by Will Brinson
5h ago

Donald Trump, the presumptive Republican nominee, has many tremendous friends. Tom Brady of the Patriots is a tremendous friend. And maybe Tim Tebow is a tremendous friend too, because The Donald spent, according to the Washington Post, $12,000 of his foundation's money on a Tebow Broncos helmet and jersey several years ago.

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Fast forward to today and the Washington Post digging through Trump's charitable giving history. What the newspaper found was Trump paid the Komen through another non-profit organization, the Donald J. Trump Foundation. Which, depending on what Trump did with the helmet and jersey, could be considered an IRS violation.

Afterward, three experts on tax law questioned whether Trump had violated IRS rules against "self-dealing" -- which are designed to keep nonprofit officials from using their charities to help themselves.

Those rules ban the "furnishing of goods" by private foundations -- like Trump's -- to their own officers. If the rule is broken, the person who breaks it must notify the IRS and may have to pay a tax penalty. There could also be penalties for signing a tax return that failed to mention the violation. In 2012, the tax return for Trump's foundation checked the boxes for "no," it did not break the self-dealing rule.

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Read more: http://www.cbssports.com/nfl/news/why-donald-trump-buying-12k-of-tebow-gear-could-potentially-be-an-irs-violation/

From the WaPo: Donald Trump used money donated for charity to buy himself a Tim Tebow-signed football helmet

[PJMcK]

1. Donald Trump doesn't know what he's gotten himself into

Last edited Fri Jul 1, 2016, 10:17 PM - Edit history (1)

There's been much speculation about what motivated Donald Trump to run for president. The suggested impulses range from his ego to Bill Clinton made him do it.

Regardless, one thing is clear: Donald Trump has no idea what he's in for.

The Republican Primaries were infantile from the beginning. Consider that there were 17 entrants once the campaigns began and of those, only 3 or 4 were seriously credentialed for the gig. Most of them were jokers looking to raise their public profile to increase their personal marketability. Does anyone really think that Rick Santorum, Mike Huckabee, Carly Fiorina or most of the others thought they had a chance to win the nomination? Rand Paul? Really?! Of course they didn't. This exercise was simply to increase their Q-Score, that is, their fame with the general public.

It was easy for a childishly loud-mouthed blowhard to take them down. The more serious candidates, (bear with me, please!), like John Katich, Jeb! Bush, maybe Marco Rubio and even Chris Christie couldn't possibly fight back because they came from the establishment. Mr. Tump's support has come from the people the GOP has used and abused for decades. The establishment candidates were blind to this because it had never happened before.

There are two dynamics that allowed Donald Trump to escape serious scrutiny during the GOP primaries. First, there were so many candidates, many of whom had been in the public eye for years. Second, the story that news services focused on was how outlandish and outrageous Mr. Trump was behaving and that he had tapped into a powerful, if small, political undercurrent in the US.

Those days are over for Donald Trump.

Here we are heading towards the General Election and each day or so, another little story from Mr. Trump's past comes out:
- He promised to make a charitable contribution but he didn't
- He misused money from his Foundation
- He didn't contribute to his Foundation
- He doesn't have any money for his campaign
- His campaign is in shambles
- His shoddy business practices are coming to light
- Banks won't lend him money

This drip-drip of unpleasant history will continue day after day. As you know, that's what happens during a presidential campaign.

In short, Mr. Trump is starting to get the scrutiny that all presidential candidates are privileged(!) to receive. If you've followed anything of his life, you'll realize that for the first time, he's going to be under an unrelenting microscope. Everything he's ever done or said will be regurgitated and hyper-analyzed. I hope for the day when several of his former employees gather up there guts to violate their Non-Disclosure Agreements and tells us what they know.

Never before has Donald Trump had to provide concrete answers for his affairs. Using his bluster and bullying and bullshit, he's always been able to side-step away from any real accountability. He's used his lawyers as shields. But that won't work in a presidential campaign. Mr. Trump won't be able to take the unrelenting pressure. He's been coddled in his bubble for so long that he has no idea of the shit-storm he's about to experience.

It will be an amazing show to watch.

It couldn't happen to a more worthy man.

[keithbvadu2]

4. Yet the repub/cons base finds him to be the most credible of all the GOP candidates.

[Moliere]

2. I've got my popcorn ready

[avebury]

3. At what point will Trump face the consequences for all of his

illegal/unethical/immoral actions that keep coming out in the light?

[PJMcK]

5. Don't know. Don't care.

But it's gonna happen and it'll be one of the most epic take-downs in history!

Be sure to have plenty of popcorn and liquid refreshment on hand...

PS. It'll probably happen during one of the debates when Secretary Clinton says something that gets under Donald Trump's skin. He'll go ballistic, start swearing and spewing crap. Secretary Clinton will have the perfect comeback and the contrast between the stateswoman and the idiot will be stark.

And oh, so satisfying!

[KelleyKramer]

6. I think he'll face serious charges for campaign violations

He has already skimmed 6 million to his own companies. He charged the campaign over $400k in 'rent' to sleep in his own house

I don't think he has any idea how serious that is. More than a few politicians have gone to prison for much less violations.

This is going to be a fun year!