The Earle Cabell Federal Building in downtown Dallas is an all purpose office complex, a bastion of federal bureaucracy located at 1100 Commerce St. Most people come for a passport or to get business done in front of a federal judge. But inside, a quiet review is underway that has direct ties to the raging presidential election: The local branch of the IRS’ Tax Exempt and Government Entities Division is reviewing the tax status of the Bill, Hillary and Chelsea Clinton Foundation.
This IRS review has not generated similar waves as Department of Justice probes into the foundation, and has largely been forgotten in the campaign’s melee. It’s just not as sexy as private email servers, FBI infighting and charges of political pressure applied to law enforcement.
But even though this examination is less scrutinized and is harder to conceptualize, it’s impact may be important. The report won’t likely be done in time to influence the presidential campaign — even though the review started more than four months ago — but it could certainly influence the first term of a Hillary Clinton presidency.
As with anything tax related, the status of the foundation may be determined using rules few understand. And that makes understanding the work at 1100 Commerce St. in Dallas that much more important.