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View Diary: Dark Secret in Romney's Missing Tax Files: "Amnesty" from Prison for Top-1% Tax Cheats? (137 comments)

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  •  Slightly OT tax return question on 2011 return (2+ / 0-)
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    susanWAstate, Christopher Tucker

    One of the reports said that the charitable deduction that he told his accountants not to take was a donation to "a family trust."

    I don't know what he means (or what the reporter meant) by "a family trust." The reporter may not know either. . . . But is it possible that they've been claiming a charitable deduction all these years for moving money into a trust that may be technically a 501(c)(3) but is so closely controlled by (and benefitting?) family members like his sons that the IRS really should disallow the deduction, retroactively?  

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