IRS Laws For Churches
July 16th, 2008
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Question: How many churches will go bankrupt ?
It was reported that 30 ministers have held a political rally and issued political comments during this campaign in violation of Federal Law. Once a Church involves itself in the political process it loses it’s tax exempt status. I think IRS is going to come down on these pseudo-ministries and audit them and collect the taxes owed on the monies they received. How many congregations will declare bankruptcy ?
Answer: Difficult to say but if they continue they should lose their tax exempt status and that goes for churches holding political events on their grounds.
The number – difficult to guess.
See the link below – some Churches want to challenge the tax status laws in court and they will lose. They will have to pay income tax on the money collected to include property taxes.
Damascus American Legion sends out thanks
Damascus American Legion Post 171 named Montgomery County Police Officer George Boyce as its Law Enforcement Officer of the Year at its annual membership party last month.
The Mormon Church and Tax Exemption Laws, In Context To Proposition 8
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