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IRS Cracks Down on Union Practices
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Description
FBN’s Liz MacDonald on the IRS’s scrutiny of non-profit organizations such as unions.
- Duration 0:57
- Date Jul 5, 2012
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Transcript
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And big union they're spending some big money and that's -- scrutiny from the IRS our own lives McDonnell joins us now from Hollywood Florida.
With an exclusive report on this growing controversy Heidi -- I -- -- out front of the Westin diplomat that's right behind me and this is a hotel that Donald Trump might end -- but Donald Trump.
Nor does any other real estate magnate -- -- a union alone it owns and a labor union owns as as does.
A UAW owned unit basic I don't see resort out and lakeside Michigan.
And also in Saint Paul, Minnesota another union owns a big resort there and a golf course.
So -- -- talk about today is essentially the IRS's cracking down on non profits because unions or nonprofits.
They don't have to pay taxes on their member dues.
But unions are using the money union funds to buy luxury real estate and also for junkets to these properties back to you -- -- -- McDonnell live from Hollywood Florida thanks there.
