Posts tagged IRS
Finding A Tax Definition To ‘When A Church Is Not A Church’

(ANALYSIS) That was the eye-catching headline for a 2019 article. Last month, the watchdog website Ministry Watch pursued its long-running concern that’s also raised in a September article by University of Notre Dame law professor Lloyd Hitoshi Mayer, a tax expert.

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How The Feds Can Stop ‘Churches’ From Abusing The Tax Code

(ANALYSIS) As a professor of nonprofit law, I believe some groups that aren’t churches or associations of churches want to be designated that way to avoid the scrutiny being a charitable organization otherwise requires. At the same time, some other groups that should qualify as churches may have difficulty doing so because of the IRS’ outdated test for that status.

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Nonprofits Becoming For-Profits: Where Are The Lines Of Legality?

After OpenAI CEO Sam Altman turned his nonprofit research laboratory into a for-profit, one of the organization’s biggest donors asked a compelling question. Elon Musk, America’s favorite billionaire, wrote, “If this is legal, why doesn’t everyone do it?”

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Bloomberg: Surge In Giving To Donor Advised Funds Helps Wealthy, Not Poor

Bloomberg’s bottom line: “A small but growing number of wealthy Americans (have) discovered how to bypass rules designed more than a half-century ago to ensure philanthropists stay accountable for the billions of dollars in tax breaks they receive each year.”

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IRS Backlog Affects Ministries And Churches, Leaving Donors Uninformed

Almost 11 weeks into tax season, the U.S. Internal Revenue Service continues to experience delays in processing last year’s tax returns. Millions of tax returns and filings are still backlogged, including those in the Form 990 series, an annual reporting obligation by tax-exempt entities like ministries and churches.

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A Cloud Of Mystery Remains Over Whistleblower Complaint Against LDS Church

In response to reporting by ReligionUnplugged.com and The Washington Post in 2019, a prominent former LDS Church member filed a federal lawsuit last week against the LDS Church seeking to regain more than $5 million in tithing he gave the church. The 2019 reports exposed that the LDS Church had amassed a $100 billion secret investment firm and used member tithes without their knowledge. The IRS has not confirmed whether it is investigating the church.

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