Trump Could Be in Big Trouble

Our reporter Tierney Sneed spent the day reporting on the latest information on the Trump Foundation. We now have clear evidence of self-dealing in the payouts made by the Foundation and as of yesterday pretty clear evidence that Trump has used the Foundation to avoid paying taxes on income. The combination could spell real legal trouble for Trump, possible even criminal penalties. In short, you’re not allowed to use a family foundation as a piggy bank or slush fund for tax avoidance and personal or business purposes. We’ve proceeded cautiously in what we know and what we don’t. We’ve also tried to be cognizant of the fact that this is an area of criminal law where intent is critical – which is to say, ignorance of the law is a defense. That said, one top former IRS official involved in oversight of tax exempt organizations told TPM, “Once you see a pattern of that kind of egregious nature, you start to think if whether there’s an appropriate criminal referral there.” Here’s the story.

If you’re a tax law expert, either a practitioner, a professor or involved in enforcement, we are continued to probe this story. So we would like to hear from you with your opinion, thoughts, advice on issues most in need of probing.

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