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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (3521)12/26/2016 1:53:06 PM
From: combjelly  Respond to of 358279
 
Have you told the IRS? They seem to think it is illegal.

Charitable Organizations Churches & Religious Organizations Political Organizations Private Foundations Other Non-Profits Contributors

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Acts of self-dealing by private foundationThe following transactions are generally considered acts of self-dealing between a private foundation and a disqualified person:

Sale, exchange, or leasing of property,

Leases (but see Certain Leases, under Exceptions to Self-Dealing)

Lending money or other extensions of credit,

Providing goods, services, or facilities,

Paying compensation or reimbursing expenses to a disqualified person,

Transferring foundation income or assets to, or for the use or benefit of, a disqualified person, and

Certain agreements to make payments of money or property to government officials.
In addition, the law prohibits indirect self-dealing. Thus, transactions between organizations controlled by a private foundation may also be taxable self-dealing.

irs.gov