The IRS has awarded tax-exempt status to almost 2 million organizations, ranging from universities like Harvard to charities such as churches and foundations. The designation exempts these groups from paying federal income taxes, while donations to these groups are considered tax-deductible by the IRS...
Everson's plan to prevent some churches and other nonprofit organizations from intervening in partisan elections. It discusses Everson's awareness that some of the churches and nonprofit organizations are abusing their tax-exempt status. Everson unveiled a plan designed to keep all tax-exempt groups ...
” said Steven T. Miller, commissioner of the agency’s Tax Exempt and Government Entities Division. “We will continue to work with charities and churches during the 2008 political season about the federal law’s guidelines on political activity. Our goal is to ensure that charities...
The Pension Protection Act of 2006 requires most tax-exempt organizations, with the exception of churches and most church-related organizations, to file an annual tax return with the Internal Revenue Service (IRS). Any exempt organization that fails to file a return for three consecutive years wil...
Tax-ExemptNonprofitsMustFilewiththeIRSJustbecauseyourorganizationisrecognizedastaxexemptbytheInternalRevenueService(IRS)doesn’tmeanitcansitbackandig..
Most tax-exempt organizations that have gross receipts of at least $200,000 or assets worth at least $500,000 must file Form 990 on an annual basis. Some organizations, such as political organizations, churches and other religious organizations, are exempt from filing an annual Form 990. ...
ABILENE, Texas — A video of the pastor of Fountaingate Fellowship Church advising his congregation to pick up signs of his political campaign has some questioning whether he has violated IRS code 501c3, which grants nonprofit organizations and churches tax exemption. 501c3 states they must ...
TheSoros-fundedpublication seemingly boasted of the government’s longstanding intimidation of pastors and other clergy. “At one point, churches fretted over losing their tax-exempt status for even unintentional missteps,” wrote Schwartz and Priest. “But the IRS has largely abdicated its enforc...
Churches and other exempt organizations (EOs) must abide by laws prohibiting them from direct or indirect involvement in political candidates’ campaigns, the IRS reminded in a news release. Revenue Ruling 2007-41, issued last summer, provides scenarios of how the ban may be observed. Generally,...
In the past 20 years, the IRS has investigated and challenged the tax-exempt status of both the Unification Church, led by the Rev. Sun Myung Moon, and a Protestant group led by the Rev. James and Tammy Faye Bakker; in both instances, the churches were fined for tax violations.IRS,...