Mark
12-11-2007, 08:52 AM
http://www.ronpaulforums.com/showthread.php?t=40239&page=2
Originally Posted by ashevillejerry http://www.ronpaulforums.com/gfx_RedWhiteBlue/buttons/viewpost.gif (http://www.ronpaulforums.com/showthread.php?p=471538#post471538)
My understanding is that churches are automatically 501(c)(3) organizations unless they do something to lose it. Time for me to eat some crow.
Donations to my Church ARE tax deductible.
Jerry was correct, and for nine years I didn't know this.
I called the FEC and the IRS a few times Monday to ask questions
concerning a Tax exempt Nonprofit Religious Organization's ability to do a few things.
My second call to the IRS provided information that in the 9 years since I Incorporated my Organization I never knew.
Apparently, exactly like Jerry said, Churches are automatically granted 501(c)3 Status even without applying to the IRS for it.
Applying to the IRS for 501(c)3 only puts the Church on the IRS's official list database.
It seems that I can give a tax deductible receipt for donations already.
However, if my Church/Org promotes Dr Paul by name, I'd lose the ability to offer tax deduction receipts.
i.e. Someone donates $1000 to my church, I send them a receipt, and they can deduct the $1000 from their taxes.
Also, per the FEC, I can't solicit Foreign Nationals to support any efforts to promote Dr Paul by name.
As per FEC and IRS regulations, I can still do ads for informing voters on the issues.
For example, listing election issues and each candidate's stances on them.
One learns something new everyday.
I now have a EIN (employer's identification number) too. Amazing what asking a few simple questions can reveal.
Jerry's most likely too busy with the blimp right now to read this, so I emailed him with apologies for doubting his knowledge.
Thanks Jerry! You da man!!
Suggestions on how to best prepare and serve "Crow" will be greatly appreciated. :cool:
Originally Posted by ashevillejerry http://www.ronpaulforums.com/gfx_RedWhiteBlue/buttons/viewpost.gif (http://www.ronpaulforums.com/showthread.php?p=471538#post471538)
My understanding is that churches are automatically 501(c)(3) organizations unless they do something to lose it. Time for me to eat some crow.
Donations to my Church ARE tax deductible.
Jerry was correct, and for nine years I didn't know this.
I called the FEC and the IRS a few times Monday to ask questions
concerning a Tax exempt Nonprofit Religious Organization's ability to do a few things.
My second call to the IRS provided information that in the 9 years since I Incorporated my Organization I never knew.
Apparently, exactly like Jerry said, Churches are automatically granted 501(c)3 Status even without applying to the IRS for it.
Applying to the IRS for 501(c)3 only puts the Church on the IRS's official list database.
It seems that I can give a tax deductible receipt for donations already.
However, if my Church/Org promotes Dr Paul by name, I'd lose the ability to offer tax deduction receipts.
i.e. Someone donates $1000 to my church, I send them a receipt, and they can deduct the $1000 from their taxes.
Also, per the FEC, I can't solicit Foreign Nationals to support any efforts to promote Dr Paul by name.
As per FEC and IRS regulations, I can still do ads for informing voters on the issues.
For example, listing election issues and each candidate's stances on them.
One learns something new everyday.
I now have a EIN (employer's identification number) too. Amazing what asking a few simple questions can reveal.
Jerry's most likely too busy with the blimp right now to read this, so I emailed him with apologies for doubting his knowledge.
Thanks Jerry! You da man!!
Suggestions on how to best prepare and serve "Crow" will be greatly appreciated. :cool: