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USOutrage over tax breaks for parents in college admissions scandal sparks calls for change

21:06  18 march  2019
21:06  18 march  2019 Source:   latimes.com

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LOS ANGELES - Tax breaks resulting from charitable donations to universities and colleges could be receiving new scrutiny in Washington after the largest Ron Wyden, a powerful member of a legislative committee over national tax policy, said he would seek to ban deductions for donations to schools

As the college admissions scandal investigation widens, more parents are coming under scrutiny. LOS ANGELES - Tax breaks resulting from charitable donations to universities and colleges could be receiving new scrutiny in Washington after the largest admissions cheating scandal in U.S. history.

Outrage over tax breaks for parents in college admissions scandal sparks calls for change

LOS ANGELES - Tax breaks resulting from charitable donations to universities and colleges could be receiving new scrutiny in Washington after the largest admissions cheating scandal in U.S. history.

U.S. Sen. Ron Wyden, a powerful member of a legislative committee over national tax policy, said he would seek to ban deductions for donations to schools such as the University of Southern California, UCLA and others that raise private money to fund infrastructure, research and scholarships.

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CrimeParents in college admissions scandal face a choice: Cooperate or fight. Defendants in the sweeping college admissions cheating scandal began appearing in Boston court amid Dozens charged in college admissions racket. The Department of Justice calls it the biggest college

A major college admissions scandal has laid bare the price of entry for some wealthy families — and the cost for everyone else. So he does that for several years, then seems to somehow take a break and works in a call center, but then somehow gets back into this and starts making connections for

Wyden's proposed legislation, which would apply only to donations from parents while their children are seeking admission to a school, aims to eliminate what he called a "back door" benefit with inestimable value for the wealthiest families.

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College admissions scandal : Department of Education opens investigation: Outrage over tax As the college admissions scandal investigation widens, more parents are coming under scrutiny. “So many people are lying these days, maybe they should change the tests in school to ‘false or false

Parents in college - admissions scandal got tax breaks . Outrage sparks calls for change ». Olivia Jade. Loughlin’s daughter, whose acceptance to USC was also part of the federal charges, is a well-known social media influencer. But after the scandal broke , Sephora ended its brand partnership with

Outrage over tax breaks for parents in college admissions scandal sparks calls for change© John Rudoff/Sipa USA/TNS Sen. Ron Wyden, Oregon's senior Senator, speaks at north Waterfront Park in Portland on November 8, 2018.

"Middle-class families don't have access to this back door for their children," Wyden, D-Ore., said in a statement. "If the wealthy want to grease the skids, they shouldn't be able to do so at the expense of American taxpayers."

His proposal comes after a federal investigation last week revealed a massive admissions scandal involving elite schools such as UCLA, USC, Stanford, Yale and Georgetown. Federal prosecutors allege that wealthy parents - including two Hollywood actresses - paid to help their children cheat on entrance exams or falsify athletics records to help them gain admission.

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Two More Parents Are Indicted in College Admissions Scandal : More parents under scrutiny by LOS ANGELES - Tax breaks resulting from charitable donations to universities and colleges could be Calls and emails to the Colburns’ attorney David Schumacher weren’t immediately returned.

The 2019 college admissions bribery scandal arose over a criminal conspiracy to influence undergraduate admissions decisions at several top American universities.

The scheme began in 2011 and was propelled by the owner of a for-profit Newport Beach college admissions company.

Some of the parents disguised their alleged bribes as charitable donations to a nonprofit controlled by the man prosecutors say masterminded the scheme. That allowed the donors to then claim deductions on their income taxes, according to the Internal Revenue Service.

It's unclear whether prosecutors have evidence that university foundations - which would be targeted by Wyden's suggested legislation - were directly involved in the case, however.

Outrage over tax breaks for parents in college admissions scandal sparks calls for change

Although some receive public funding, many universities are structured as nonprofits or have associated foundations, allowing their gifts and donations to be classified as charitable under the federal tax code.

The Campaign for USC, for example, is raising billions of dollars in tax-deductible gifts from more than 400,000 donors, according to the university, to fund investments in infrastructure, research and scholarships.

Fallout from college admissions scandal worsening for accused parents, universities

Fallout from college admissions scandal worsening for accused parents, universities The college admissions cheating scandal that was revealed this week is shaping up to have long-term ramifications for both the parents accused in the scheme and the large world of getting into college. • Some of the parents who are accused of cheating to get their children into elite schools are facing civil lawsuits in addition to federal criminal charges. FULL COVERAGE: Dozens charged — including Hollywood actresses — in connection with college admissions scheme » • Meanwhile, there is talk in Congress of new laws aimed at cracking down, and the Department of Education is also reviewing the case. • Several of the colleges involved have launched their own probes.

Parents in college - admissions scandal got tax breaks . Outrage sparks calls for change ». Olivia Jade. Loughlin’s daughter, whose acceptance to USC was also part of the federal charges, is a well-known social media influencer. But after the scandal broke , Sephora ended its brand partnership with

A major college admissions scandal has laid bare the price of entry for some wealthy families — and the cost for everyone else. There could be a bribery and cheating scandal occurring in the college admissions process. jennifer medina. The feds think that this is pretty interesting, and it turns out —.

Similarly, the UCLA Foundation is that university's charitable arm. Its website publishes the foundation's identification number with the Internal Revenue Service so that donors can seek a deduction.

"The best way for UCLA to preserve our public interest is through private support," its website reads.

California Gov. Gavin Newsom, during a national media tour to defend his decision to ban death row executions, on Friday decried "legal bribery" in the college admissions process, including favors given to big donors.

Newsom said the college admission system favors all "people of wealth and privilege," not just those who were indicted in the scandal. That includes influential politicians.

The Democratic governor did not propose any new policies to address the issue, saying that "we've got to reflect on this in a much deeper way" before taking action.

Visit the Los Angeles Times at www.latimes.com

Read More

Two More Parents Are Indicted in College Admissions Scandal.
A couple arrested this month for paying bribes to get their son into an elite college were indicted in Boston, becoming the second and third parents to be accused by a federal grand jury in a wide-ranging admissions scandal. Gregory and Amy Colburn allegedly conspired to commit wire fraud and launder money by paying college admissions counselor William Rick Singer, the plot’s ringleader, to have a proctor correct their son’s answers on the SAT college entrance exam. One other parent, David Sidoo, was previously indicted for paying $100,000 for a surrogate to take his son’s test. He has pleaded not guilty.

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