Talk:Body of Christ
There are "churches consider" 501c3 exempt and "churches under" IRS exemption.
If we apply to them then they can take it away when they want.
http://www.hisholychurch.org/study/gods/cog15bvb.php
“Although a church, its integrated auxiliaries, or a convention or association of churches is not required to file Form 1023 to be exempt from federal income tax or to receive tax deductible contributions, such an organization may find it advantageous to obtain recognition of exemption.”5 Department of the Treasury, I.R.S., Pub. 557 Tax-Exempt Status for Your Organization. Chapt. 3 Page
"Organizations Not Required To File Form 1023 Some organizations aren't required to file Form 1023 or 1023-EZ. These include: Churches, interchurch organizations of local units of a church, conventions or associations of churches, or integrated auxiliaries of a church, such as a men's or women's organization, religious school, mission society, or youth group. Any organization (other than a private foundation) normally having annual gross receipts of not more than $5,000 (see Gross receipts test, later). These organizations are exempt automatically if they meet the requirements of section 501(c)(3)."
Chapter 3 Section 501(c)(3) Organizations Page 23
https://www.irs.gov/pub/irs-pdf/p557.pdf
Congress has enacted special tax laws that apply to churches, religious organizations and ministers in recognition of their unique status in American society and of their rights guaranteed by the First Amendment of the Constitution of the United States. Churches and religious organizations are generally exempt from income tax and receive other favorable treatment under the tax law;... 1828.pdf
Exempt Organizations Select Check is an online search tool that allows users to search for organizations that are eligible to receive tax-deductible charitable contributions. Note that not every organization that is eligible to receive tax-deductible contributions is listed on Select Check. For example, churches that have not applied for recognition of tax-exempt status are not included in the publication.4, 1828.pdf
Substantiation Rules A donor can’t claim a tax deduction for any single contribution of $250 or more unless the donor obtains a contemporaneous, written acknowledgment of the contribution from the recipient church or religious organization. A church or religious organization that doesn’t acknowledge a contribution incurs no penalty; but without a written acknowledgment, the donor can’t claim a tax deduction. Although it’s a donor’s responsibility to obtain a written acknowledgment, a church or religious organization can assist the donor by providing a timely, written statement containing:
- name of the church or religious organization, n date of the contribution,
- amount of any cash contribution, and
- description (but not the value) of non-cash contributions.
In addition, the timely, written statement must contain one of the following:
* statement that no goods or services were provided by the church or religious organization in return for the contribution,
- statement that goods or services that a church or religious organization provided in return for the contribution consisted entirely of intangible religious benefits, or
- description and good-faith estimate of the value of goods or services other than intangible religious benefits that the church or religious organization provided in return for the contribution.
The church or religious organization may either provide separate acknowledgments for each single contribution of $250 or more or one acknowledgment to substantiate several single contributions of $250 or more. Separate contributions aren’t aggregated for purposes of measuring the $250 threshold. page 29, 1828.pdf
IRC Section 501(c)(3). IRC section 501(c)(3) describes charitable organizations, including churches and religious organizations, which qualify for exemption from federal income tax and generally are eligible to receive tax-deductible contributions. This section provides that:
- an organization must be organized and operated exclusively for religious 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 organization’s purposes and activities may not be illegal or violate fundamental public policy.