Posted on 07/29/2009 4:01:21 PM PDT by tired&retired
Henry Louis Gates’ Foundation to Revise Tax Return Cambridge, Mass. (July 28, 2009)
By WebCPA Staff
A nonprofit foundation run by Harvard professor Henry Louis Gates Jr. is filing an amended 2007 tax return after it was found to have mischaracterized $11,000 in payments to officials as research grants.
Gates founded the Inkwell Foundation four years ago to conduct research and education about African and African-American history and culture. The foundation apparently reported a $10,000 grant to Joanne Kendall, the foundation’s treasurer, who is also Gates’ assistant at Harvard. In addition, the foundation made a $1,000 payment to secretary Abby Wolf that was mistakenly listed as research.
Henry Louis Gates Jr. Gates told public interest journalism site ProPublica that the research grants were mischaracterized on the foundation’s Form 990. “It should have been listed as compensation,” he said.
Advertisement Gates also told the Boston Globe that it was simply an error. “It’s a very minor issue, just a simple mistake from the account,’’ he said. “It will all be rectified, and all is well.’’
The foundation’s accountant admitted to ProPublica that he didn’t understand why the payments were misclassified, but that he planned to file an amended return in a week or so.
Gates was arrested on July 16 by Cambridge, Mass., police for disorderly conduct after an eyewitness reported a possible break-in at his home. The professor had been returning home after a trip abroad, and he and his driver found the front door to be jammed, so he needed to use the back door instead. The arrest provoked accusations of racial profiling, and the controversy ramped up after President Obama criticized the police for acting “stupidly” at a news conference last week. Charges against Gates were quickly dismissed, and Obama has invited Gates and the arresting officer, Sgt. James Crowley, to the White House for a beer to defuse the controversy.
Given how big their total tax return probably was, this sounds like chump change.
Audit every damn line item. Including his return.
And go back several years.
Its all about the Benjamins.
Yeah could happen to anyone. Form a foundation. Give grant money to friends. When you get caught or are about to get caught report it as salary. Yeah that works.
Frankly, I am tired of it. Until we are ready to call for their heads, I no longer care.
You get what you allow. Bottom line.
Is that the fashionable thing they are calling "lies" now?
Oh, I don’t know. Maybe they can call those lap dances at Benny’s Topless Gentlemen’s Club some sort of multicultural “research”.
Are grants and income taxed differently? I would think so! Not sure. Tax fraud?
lift a rock and there you have it ... slime and filth.
How can someone so smart, a professor no less, make such a stupid mistake? Especially since he must know, being a professor of African history and all that crap, that compensation is subject to FICA, Medicare, and federal withholding? Oh .... gee whiz .... just a sloppy mistake. Yeah .... right.
Gate’s has to be sweatingin it if he is going back to check his own returns...
Maybe he knows they could not withstand close scrutiny?
Maybe some JAIL TIME for filing a false return is in order?
Can’t be a buddy of Obama’s without cheating on your taxes...
The interesting thing is.... this is fraud! They have purposely transferred personal expenses of Gates which at best would be admin. expenses as non profit program expenses. I will look at the rest of the return as it it should be available on public record.
Is that the fashionable thing they are calling "lies" now?
You have to admit that it has more eclat than "misspoke"...
Bookmarked
miscalibrated
BlackIrish (nigmics) go free
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