“Onward Together” Inside Hillary’s Latest Political Tax Scandal

coreysdigs.com | 2/14/2019 | Corey Lynn
just-me (Posted by) Level 3
Click For Photo: https://www.coreysdigs.com/wp-content/uploads/2019/02/Hillary-Onward-Together-1-1024x682.jpg






















Most people are aware that “Onward Together” is a political organization to raise funds for the Democratic party, but what they don’t realize, is the fact that this tax-exempt 501(c)(4) is operating ILLEGALLY, on multiple levels. IRS laws, FEC documents, and Onward Together’s tax return create one heck of a recipe, burning for an investigation. Not only does Onward Together require scrutiny, it’s partner organizations need a closer look as well.

Perhaps “Back Together” would have been more apropos, since Hillary Clinton got the band back together to form this tax-exempt political scandal. Even Huma Abedin is on the payroll. What’s most interesting is that the DNC paid nearly $2 million to Onward Together for donor list rental/acquisition produced by Hillary for America, while the DCCC paid more than $700,000 for the same list. Sure, politicians often sell “donor lists”, but Onward Together is not allowed to declare the payment as tax-exempt “royalty income,” nor does this political activity align with the lawful purpose of 501(c)(4) organizations. But it gets worse.

Law

The law states:

In order to avoid unrelated business income taxes, some exempt organizations have attempted to classify, as royalties, payments that are in fact fees for services. The IRS, however, ignores contractual nomenclature and looks to the true nature of such transactions. For example, royalties were ruled not to include payments for personal appearances (Rev. Rul. 81-178, 1981-2 C.B. 135) or receipts from the rental of donor lists (Disabled American Veterans v. United States, 650 F.2d 1178 (Ct. Cl. 1981). Additionally, if the exempt organization maintains control over or liability for the commercial enterprise, the royalty exclusion will likely be denied. Thus, payments derived from a license of property under which an exempt organization was liable for some development and operational costs were treated as unrelated income. (Rev. Rul. 69-179, 1969-1...
(Excerpt) Read more at: coreysdigs.com
Wake Up To Breaking News!
Tagged:
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!