Ooopsie: Bill & Hillary Clinton Foundation Re-Filing FIVE YEARS of Tax Returns Over ‘Errors’

by Warner Todd Huston | April 23, 2015 11:29 am

As queen Hillary makes ready to be coronated as our next president, her “charity” foundation is undergoing some more scrutiny. Now the Bill and Hillary Clinton Foundation has had to re-file its taxes because of a few of those little old oopsie errors.

Clinton’s “charity” isn’t just re-filing one or two tax returns, the organization is re-filing the last five years[1] of tax returns over errors!

Hillary Clinton’s family’s charities are re-filing at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors.

The foundation and its list of donors have been under intense scrutiny in recent weeks. Republican critics say the foundation makes Clinton, who is seeking the Democratic presidential nomination in 2016, vulnerable to undue influence. Her campaign team calls these claims “absurd conspiracy theories.”

The charities’ errors generally take the form of under-reporting or over-reporting, by millions of dollars, donations from foreign governments, or in other instances omitting to break out government donations entirely when reporting revenue, the charities confirmed to Reuters.

The errors, which have not been previously reported, appear on the form 990s that all non-profit organizations must file annually with the Internal Revenue Service to maintain their tax-exempt status. A charity must show copies of the forms to anyone who wants to see them to understand how the charity raises and spends money.

Now, imagine if this was your tax returns. Do you think the IRS would be letting you get away with lying about your taxes for five years and then just letting you re-file with no big deal about it?

Nope.

Endnotes:
  1. re-filing the last five years: http://www.reuters.com/article/2015/04/23/us-usa-election-clinton-taxes-exclusive-idUSKBN0NE0CA20150423

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