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View Diary: It's Time to Tax The Churches (72 comments)

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  •  Code Sec 501 (c)(3) (0+ / 0-)

    Deals with not for profit organizations that are eligible for tax deduction for donations made to the charity.  Churches are automatically included in this section.  Other organizations must apply for exempt status and explain their reason for exemption and provide financial statements.  Not for profit organizations must file an informational tax return each year (Form 990) that is open for public inspection.  Churches file nothing.  Repeat Churches file nothing.  No open records, nothing.

    The better I know people, the better I like my dog.

    by FTL BILLY on Mon Feb 11, 2013 at 01:04:50 PM PST

    [ Parent ]

    •  Half right (0+ / 0-)

      Section 501c3 deals with the exemption from income tax for organizations that are charitable, educational, religious, etc.   Section 170 deals with the income tax deduction for donations made to charity.  The two sections overlap signficantly but they are not the same.

      Churches are included in religious, although not all religious organizations are churches.   Churches, specifically, are entitled to special filing exemptions from the application for exemption (Form 1023) and the annual report (Form 990) so that is true.  It is, however, a reporting exception - nothing excepts churches from the standard substantive requirements for exemption.

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