Busted

Jillian Kay Melchior, National Review, February 2, 2015

So far, every for-profit enterprise started by Al Sharpton and known to National Review Online has been shut down in at least one jurisdiction for failure to pay taxes, a review of public records in New York and Delaware reveals.

Records show that Sharpton’s beleaguered for-profit entities often overlap and intertwine, some sharing ties with the reverend’s nonprofit organization, National Action Network. Their financial records are copious, confusing, and sometimes outright bizarre, and together, they depict persistent financial woes for Sharpton, who also personally owes New York State nearly $596,000, according to active tax warrants.

“He clearly appears–based on the information that’s available to us–to have a history of noncompliance with tax obligations,” says Bernadette Schopfer, the director of taxation at New York’s Maier Markey & Justice, a certified public-accounting firm that has had no dealings with Sharpton or National Action Network. “It appears that [Sharpton] does not file [taxes for his businesses], and then opens up something else. At all the entities we see he has opened up, he has not been compliant with the obligations of the owner of a business. . . . He’s either willful in his behavior, or he’s just sloppy.”

{snip}

Sharpton’s first for-profit company, Raw Talent, probably has the strangest set of tax-debt records. The company was incorporated as a for-profit entity in 1991, the same year Sharpton founded National Action Network.

Raw Talent racked up a lot of tax debt. According to a 2007 lien that appears to remain active, the company owed a total of $580,453 in federal taxes, and state records say it also owes $4,834 in New York taxes.

For some reason, the federal lien says the taxes owed are for the tax period ending in 1950–long before Raw Talent was incorporated. (Perhaps this is a clerical error, Schopfer says.) The kind of tax debt listed is also strange: It’s listed under the code 4720, which signifies an excise tax on charities, even though Raw Talent was registered as a for-profit entity, not a philanthropic nonprofit. A spokesperson for the Internal Revenue Service could not explain this to NRO, saying privacy laws prohibit the agency from commenting on the tax situations of specific individuals or entities.

New York dissolved Raw Talent in 2002 for failure to pay taxes, but not before Sharpton opened up a new company, Revals Communications, in 1999.

Revals Communications has its own set of oddities. For starters, various records show it shared Battery Park Place and Broadway office addresses with the soon-to-be defunct Raw Talent.

From the very beginning, Revals Communications ran into tax problems. The records indicate the company either failed to file or failed to pay taxes from 1999 to 2002.

The tax debt started off slowly, at $10,585 in total for the first three years. But in 2002, the same year Raw Talent dissolved, Revals Communications’ unpaid balance ballooned by an additional $215,606. Meanwhile, a 2007 New York tax warrant shows Revals Communications also owed the state $175,962. New York finally dissolved the company in 2009.

Before that, though, the reverend founded yet another for-profit entity, Sharpton Media Group. Unlike the other companies, he originally registered Sharpton Media Group in Delaware, a state where corporations don’t need to disclose much.

Sharpton then registered the company in New York as a foreign limited-liability company in July 2004, three months after it opened in Delaware. In 2007, Delaware dissolved it for failure to file tax records. At the time, an entity report from Delaware says, Sharpton Media Group owed $7,001 in taxes. But records show the entity remains active in New York.

{snip}

Money from Sharpton Media Group ended up at National Action Network, even though charitable watchdogs say a loan from a company owned by a nonprofit’s leader raises significant red flags and can constitute a conflict of interest. The nonprofit’s tax filings show balances due of $19,174 in 2010; $53,144 in 2011; and $47,302 in 2012.

In 2005, a little more than a year after opening up Sharpton Media Group, the reverend also incorporated a company called Bo Spanky in New York. {snip}

Like Sharpton Media Group, Bo Spanky loaned money to National Action Network; the nonprofit’s tax filings list balances due to Bo Spanky of $187,078 in 2010; $58,079 in 2011; and $87,079 in 2012.

NRO could find no federal tax liens filed against Bo Spanky. But a $1,645 tax debt to the state proved the company’s undoing, and it was dissolved in 2012 for failure to pay.

On National Action Network’s latest tax filing, from 2013, loans from Bo Spanky and Sharpton Media Group disappear, apparently replaced by a loan directly from the reverend himself, with a balance due to Sharpton of $328,881.

{snip}

A National Action Network spokeswoman said Sharpton has reached a settlement with both state and local tax authorities on his financial records, though the New York Times reported in November that “his balance with the state, at least, has actually grown in recent years.”

{snip}

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  • MekongDelta69

    I’m sure the IRS is ‘right on the case,’ as we speak…

    • BloodofAlbion75

      Miracles do happen,Mekong…

      • Look at the Democrat candidates for President and the Republican candidates for President. Name one of them that will appoint an Attorney General whose DOJ and U.S. Attorneys will dare prosecute him. It’s going to take a really really really dark enlightenment to be able to string Sharpton up.

        • Sick of it

          Make my enlightenment dark, please!

  • David Ashton

    That’s how they got Al Capone. Now for the other Al.

    • Yeah but the difference is that then, they wanted Al Capone.

    • BloodofAlbion75

      It’s too bad that Alcatraz isn’t still open for business.LoL!

  • Luca

    Negroes have a hard time organizing a backyard yard BBQ let alone run a business enterprise.

    Anyone guessing why this buffoon isn’t in jail on tax evasion charges?

    • Speedy Steve

      The jails are full?

    • Nonhumans

      BC taxes beez waaycisss an sheeeet!!

    • HouseOfTards

      It is not a negro’s job to pay taxes, it is his job to receive them.

  • walt

    If $harpton or anyone else involved is ever held accountable or suffers any consequences whatsoever, I will eat my hat.

    • David Ashton

      James Bond to be played by Idris Elba today. Eliot Ness by Eddie Murphy tomorrow.

      • walt

        Don’t hold your breath for Tom Hanks as Kunte Kinte

      • MathMan

        I’m sure there’s a place for Jim Carey in all this!

        • David Ashton

          As Jesus in Hollyweird’s next epic – or will that be Ben Stiller?

  • SeaMonkey Browser

    symanteccom/about/profile/management/directors/bio.jsp?bioid=michael_brown

  • BloodofAlbion75

    Arrest him,put him on trial,find him guilty,then lock him up and throw away the key!

  • dd121

    His black protectors won’t go after him. Of course the Republicans didn’t either when they were in power.

  • Ograf

    And when he is locked up for 77 years for the tax evasion he will be under a gag order to not talk to any media or reporters.

  • Steve_in_Vermont

    Don’t you realize that all criticism of “Rev. Al” is racist?.

  • Arresting black ‘reverends’ for tax evasion be racisss!

  • Bon, From the Land of Babble

    Old Al should have known better than to attack Sony. He didn’t know who he was dealing with and was way out of his league.

    Taxes are what may bring Al Sharpton down, just as they did Al Capone.

    Here’s what’s interesting: I typed “tax cheat” into image search and Al’s image came up.

    His MSNBC wages should be garnished to pay off his debt, as they would if it were one of us.

    • Cid Campeador

      Al Capone would have had him “taken for the ride” had they lived in the same generation.
      “Hey Mr.Capone, Where’s Sharpton?”
      “Oh! Yo ain’t gonna see HIM no maw”.

  • forsakenamerican

    I doubt anything will happen to him till obumer and holder is out

    • phillyguy

      the way slick Al’s looking he will be long dead before any charges will ever be brought against him.

  • Mark Hillyard

    When my company went bankrupt owing some $12000.00 in withholding taxes which ran up to $18000.00 by the time I paid it off the IRS was not my best friend. Always the lien was on my back and if I failed to make a payment they would swoop into my bank and empty the account so I paid on time. I finally paid them off after a job well done and all that money went directly to the IRS.
    It seems that Al is getting some kind of easy treatment from all I’ve read on this tax problem of his.

    • I received a tax bill while I was locked up, as I hadn’t been able to file a return for the previous year, nor did I have access to my checkbook. My mother paid the IRS out of my checking account; she’s a wiz at forging my signature, but held firm on them regarding the interest and penalties, which they dropped.

    • Sick of it

      You should have talked to a different agent or gotten a better accountant. I’ve seen guys in much worse shape, guys who intentionally avoided paying income taxes owed, get a better deal.

    • GeneticsareDestiny

      Al is definitely getting easy treatment and I’m sure it’s all due to his black racial grievance mongering. It makes him popular among powerful people, the type of people who can make things like tax issues a lot easier to deal with.

      Also, does everyone remember when the news about the IRS harassing conservatives broke? That’s proof enough to me that top people in the IRS are liberals, which means they’d be quite likely to want to give Al a break on his taxes.

  • Maximo Partagas

    The article is titled “Busted” but Al Sharpton is anything but, there are no consequences for this reprobate.

  • Not to sound “racist” or anything, but, tell me one thing that Blacks excel at more than Whites other than sports?

    EDIT: And not to make the question more difficult, but please answer what they’re better at from an intellectual standpoint. Thank you

    • AndrewInterrupted

      I hear crickets. Sports has given them a collective false sense of self worth, indeed.

    • Charles Martel

      Certain types of dancing and music. The kind no one will be listening to in 20 years.

  • In 2005, a little more than a year after opening up Sharpton Media Group, the reverend also incorporated a company called Bo Spanky in New York.

    I’m sure that an outfit named “Bo Spanky” was really going to be successful. We know that it wasn’t going to be successful, because it was established and operated by the kind of people who thought it was a good idea to name a company “Bo Spanky” and work for a company with that name.

    • shmo123

      I think “Bo Spanky and his Gang” would’ve worked better.

  • WoodyBBad

    Maybe Al is just bad at the math. Maybe he’s using Common Core.

  • Rather than have the Justice Department go after Al $harpton for the $4.5 million he owes, President Oogabooga wants to have the money middle-class parents are saving for their kids’ college educations in 529 plans retroactively taxed.

  • Speedy Steve

    A spokesperson for the Internal Revenue Service could not explain this
    to NRO …

    It’s nice to see that the Feds are still hiring the best and the brightest. I used to be afraid of the IRS until I figured out it’s run by federal employees.

  • Charles Martel

    I could have used subtitles with this one. I don’t speak Jive.

    • Cid Campeador

      He has Carte Blanche to do whatever he wants with the tacit approval of the White house. He could rape and murder a woman on the White House lawn with no consequences unless of course the victim were a Black woman.

  • MasterDrKhan

    Disgraceful is an understatement. He expects whites to foot the bill for his bogus race “crusade”, yet he pays not a dime. To think, there are fools who take him seriously.

  • Earl Turner

    I guess paying taxes is considered ‘acting white’ and therefore Something Black People Don’t Like.

  • Cid Campeador

    Tax Cheat? That should be all there is! He’s also an extortionist as is Jesse “Mangas Coloradas” Jackson, a false crime reporter, an inciter to riot, arson and murder ( Freddie’s Fashion Mart), a destroyer of reputations and families and who knows what other scummy deeds that will eventually rise to the top of the loo.

  • Cid Campeador

    I wouldn’t be TOO sure that Blacks aren’t sick of him.

  • George Clark

    I hate to even say this, but…does Rev. Al look like a damned capuchin? I swear he is a dead ringer for the capuchin used in George Romero’s “Monkeyshines.” Normally, good taste would prevent me from mentioning this, but…