nitroz
INDEPENDENTly ruthless
http://www.irs.gov/pub/irs-pdf/p1828.pdf
scroll to page 5 and read the 5 qualifications.
Since about half or more get involved in politics, this immediately breaks the requirements to gain tax exemption status and therefore should be taxed immediately.
scroll to page 5 and read the 5 qualifications.
Churches and religious organizations, like many other
charitable organizations, qualify for exemption from
federal income tax under IRC section 501(c)(3) and
are generally eligible to receive tax-deductible contributions.
To qualify for tax-exempt status, such an
organization must meet the following requirements
(covered in greater detail throughout this publication):
■ the organization must be organized and operated
exclusively for religious, educational, scientific, or other
charitable purposes,
■ net earnings may not inure to the benefit of any
private individual or shareholder,
■ no substantial part of its activity may be attempting
to influence legislation,
■ the organization may not intervene in political
campaigns, and
■ the organizations purposes and activities may not
be illegal or violate fundamental public policy.
Since about half or more get involved in politics, this immediately breaks the requirements to gain tax exemption status and therefore should be taxed immediately.