A billionaire running for governor with President Donald Trump's backing is facing a damaging accusation from Trump's own federal government. The Internal Revenue Service has accused Rick Jackson , the Republican nominee for Georgia governor, of manipulating his company's taxes, The Daily Beast reported Thursday.
According to a July court document, the agency alleges that the Jackson Investment Group, which serves as the parent company of his businesses, attempted to deduct bad debt on loans it had already written off in prior years. "Petitioner is playing a shell game with the alleged Family Christian debt," the IRS wrote, alleging the company mixed up separate entities and loans in an effort to make its deduction hold up on paper.
The case centers on roughly $1.4 million in debt, but it is only one piece of a much larger fight between Jackson and federal tax authorities. The Atlanta Journal-Constitution reported last week that the IRS is contesting close to $54 million in business…