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Author Topic: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid  (Read 1223 times)

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rangerrebew

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Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« on: October 21, 2017, 11:21:47 am »
Now Washington Post misfires in attack on Roy Moore?
Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
Published: 13 hours ago
 

The Washington Post apparently has misfired in a political attack on former Alabama Supreme Court Chief Justice Roy Moore, now the GOP candidate for the Alabama Senate seat vacated by Attorney General Jeff Sessions.

The newspaper accused Moore of not reporting or paying taxes on compensation to which he was entitled but did not receive.

The Foundation for Moral Law, which was paying Moore as its president for the years at issue, said in a statement that all transactions and arrangements were reported fully to the IRS. The foundation then charged the reporters essentially were working on a political hit.

Read more at http://www.wnd.com/2017/10/now-washington-post-misfires-in-attack-on-roy-moore/#pf58YWtPggr0VWsA.99
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Offline kevindavis007

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #1 on: October 21, 2017, 12:12:49 pm »
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Offline kevindavis007

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #2 on: October 21, 2017, 01:06:21 pm »
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Offline IsailedawayfromFR

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #3 on: October 22, 2017, 12:52:03 am »
@kevindavis

Why publish that trashy stuff?  It says in your article:  It's unclear whether Moore paid taxes on the money.

He never received any money.

Why should he pay any taxes?
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Offline kevindavis007

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #4 on: October 22, 2017, 02:41:31 pm »
The IRS considers income received the moment that you are able to collect it without restrictions. This is not a capital gain situation as the agreement with the charity does not involve any security instruments. To be taxable, the income does not need to be deposited into your account, it simply needs to be made available to you without restriction. Based on the information in the story, that appears to be the case. If the information is true, Mr. Moore had constructive receipt and should be taxed on the income.
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Offline skeeter

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #5 on: October 22, 2017, 02:48:07 pm »
Quote from: kevindavis on October 22, 2017, 02:41:31 pm
The IRS considers income received the moment that you are able to collect it without restrictions. This is not a capital gain situation as the agreement with the charity does not involve any security instruments. To be taxable, the income does not need to be deposited into your account, it simply needs to be made available to you without restriction. Based on the information in the story, that appears to be the case. If the information is true, Mr. Moore had constructive receipt and should be taxed on the income.

The promissary note appears in the foundations tax filings. It was not undisclosed as your unimpeachable source claimed.

If the IRS ruled that the taxes were owed they would've sent him a tax bill. They apparently did not.

I'd also like to know how Moore was supposed to be able to immediately collect compensation in the form of a second mortgage on the foundation's building.
« Last Edit: October 22, 2017, 02:55:19 pm by skeeter »
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Online roamer_1

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #6 on: October 22, 2017, 02:55:00 pm »
Quote from: skeeter on October 22, 2017, 02:48:07 pm

If the IRS ruled that the taxes were owed they would've sent him a tax bill. They apparently did not.

LOL! Yeah... a 'bill'...
I know, he could send them a promissory note.
There. PAID.
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Offline kevindavis007

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #7 on: October 22, 2017, 03:14:31 pm »
Quote from: skeeter on October 22, 2017, 02:48:07 pm
The promissary note appears in the foundations tax filings. It was not undisclosed as your unimpeachable source claimed.

If the IRS ruled that the taxes were owed they would've sent him a tax bill. They apparently did not.

I'd also like to know how Moore was supposed to be able to immediately collect compensation in the form of a second mortgage on the foundation's building.


Like a lot of people with no scruples, looks like Moore setup this charity to enrich himself.
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Offline skeeter

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #8 on: October 22, 2017, 04:22:36 pm »
Quote from: kevindavis on October 22, 2017, 03:14:31 pm

Like a lot of people with no scruples, looks like Moore setup this charity to enrich himself.

Lol. 80k a year isn’t gonna land Moore on Central Park West.
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Offline Cyber Liberty

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #9 on: October 22, 2017, 05:20:10 pm »
Sounds like the best way to nip all these accusations of Judge Moore's corruption in the bud is to simply elect Doug Jones in December.  Judge Moore problem solved.
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Offline skeeter

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #10 on: October 22, 2017, 10:36:24 pm »
Quote from: Cyber Liberty on October 22, 2017, 05:20:10 pm
Sounds like the best way to nip all these accusations of Judge Moore's corruption in the bud is to simply elect Doug Jones in December.  Judge Moore problem solved.

He was hoping you’d reach that conclusion.
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Offline Cyber Liberty

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #11 on: October 22, 2017, 10:51:38 pm »
Quote from: skeeter on October 22, 2017, 10:36:24 pm
He was hoping you’d reach that conclusion.

It was sarcasm, but at this point, Poe's law is full in play so nobody can tell anymore.
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Offline truth_seeker

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #12 on: October 22, 2017, 11:02:06 pm »
As I stated previously the note does NOT become income until it is received.

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Offline Cyber Liberty

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Re: Now Washington Post misfires in attack on Roy Moore? Accuses Senate candidate of failing to pay taxes ... on money he wasn't paid
« Reply #13 on: October 23, 2017, 12:26:00 am »
Quote from: truth_seeker on October 22, 2017, 11:02:06 pm
As I stated previously the note does NOT become income until it is received.

Ah yes!  But it can be imputed.  Just like when my ex owed me money for back child support.  All of my bill collectors said, "Oh sure!  No problem Mr. Liberty!  We'll just not bill you for this rent and electricity, m'K?"  Having it owed is NOT the same thing as "collected," despite what some folks say.
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