66. Candidate Feldman ran for Congress in 2008, raising $4.7 million for the campaign, including $800,000 in
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66. Candidate Feldman ran for Congress in 2008, raising $4.7 million for the campaign, including $800,000 in Federal matching amounts. Five months after his opponent had been sworn into office, auditors discovered that Feldman had used $500,000 of campaign donations for a personal vacation, taken immediately after the unsuccessful campaign. What are the tax consequences of this use of election funds?
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Related Book For
Federal Tax Research
ISBN: 9780324659658
8th Edition
Authors: William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders
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