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To: kellynla
CFF claimed $4.3 million assets on their 2005 IRS 990 forms. CFF reported much less, $255,890, on their most recent 2006 tax forms.

Am I reading this right? $4 million disappeared in 2006?

-PJ

13 posted on 04/04/2008 10:54:20 PM PDT by Political Junkie Too (Repeal the 17th amendment -- it's the "Fairness Doctrine" for Congress!)
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To: Political Junkie Too
CFF lost a significant amount of money in the last two tax reporting years. CFF claimed $4.3 million assets on their 2005 IRS 990 forms. CFF reported much less, $255,890, on their most recent 2006 tax forms. It is not immediately clear from reading the forms where the money went or why assets were lost.

"Am I reading this right? $4 million disappeared in 2006?"

Don't ask me. I have trouble enough balancing my checkbook. LOL
16 posted on 04/04/2008 11:10:20 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: Political Junkie Too
Am I reading this right? $4 million disappeared in 2006?

That's how I read it. And if they haven't explained it... then it seems like that ought to trigger some sort of activity report by the bank.

17 posted on 04/04/2008 11:20:33 PM PDT by Ken H
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