THE IRS REVOKED THE TAX-EXEMPTION OF 275,000 NON-PROFITS LAST MONTH 08/03/2011


by Moody Adams
IRS revoked the federal tax-exempt status of 275,000 non-profits last month
Moody Adams

The lifeline of the church’s support is the government’s tax-exemption policy and this is disappearing for many. Last month 275,000 non-profits lost their tax-exemption.

The 1,500-member Word of Life Church on the East side of El Paso, Texas is facing the loss of its tax-exemption due to a fight against homosexuals. It is in trouble because of ‘political Involvment.’

Bob Jones High School's PTA on the IRS’s list for not filing 501©3 form.

Other are in trouble for not filing a 990T form for “unrelated businesses,” such as Church suppers, paying entertainers, tour trips, etc.

Then there are the “huge profits” reported by so-called non-profits. Trinity Broadcasting Network reported $309,823,491 invested in 2008. Joyce Meyer Ministries reported $30,877,925 in accumulated depreciation in its 2009 financial statement.

“Senator Charles Grassley, the former ranking Republican on the Senate Finance Committee, has been poking and prodding around in religious financial fraud for five years. He reports the “investigation revealed how televangelists exploit love offerings and housing allowances as nontaxable income and operate companies from their churches.”


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