Trump Foundation Appears To Admit To Self-Dealing On IRS Form
The Donald J. Trump Foundation acknowledged that it had violated the so-called "self-dealing" ban in charity law -- referring to the use of a charity's money for an principle's own personal benefit -- on an IRS form that has been posted publicly, the Washington Post reported Tuesday.
On the IRS Form 990 for the 2015 tax year, the foundation marked "yes" on a question regarding whether a disqualified person -- meaning someone with a position of influence within the charity -- had benefited from the foundation's income or assets. The form 990 is the tax return that tax-exempt organizations file. It was posted to the charity watchdog website GuideStar Monday evening. It is unclear whether the form had been submitted to the IRS, the Washington Post said.
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