skip to main |
skip to sidebar
Clinton Foundation Admits Making Mistakes On Taxes
(Reuters)
- The Clinton Foundation's acting chief executive admitted on Sunday
that the charity had made mistakes on how it listed government donors on
its tax returns and said it was working to make sure it does not happen
in the future.
The non-profit foundation and
its list of donors have been under intense scrutiny in recent weeks.
Republican critics say the foundation makes Hillary Clinton, who is
seeking the Democratic presidential nomination in 2016, vulnerable to
undue influence.
After a Reuters
review found errors in how the foundation reported government donors on
its taxes, the charity said last week it would refile at least five
annual tax returns.
"So yes, we
made mistakes, as many organizations of our size do, but we are acting
quickly to remedy them, and have taken steps to ensure they don't happen
in the future," Clinton Foundation acting Chief Executive Officer Maura
Pally said in a statement.
The
errors appeared on the tax forms 990 that all non-profit organizations
must file annually with the U.S. Internal Revenue Service to maintain
their tax-exempt status.
Pally said
the foundation did accurately report its total revenue but government
grants were mistakenly combined with other donations.[source]
No comments:
Post a Comment