"...Auditing the house of God
- Most religious organizations are exempt from a variety of taxes that individuals and businesses are required to pay, like income and property taxes...
- It is important to note that faith organizations can be exempt from paying taxes solely based on their religious work, not for any other charitable endeavors...
- Additionally, unlike charities, churches and other places of worship are not required to report any financial information to the IRS. The IRS encourages churches to do so, but they are not required to...
- In many places in the U.S., income is taxed at the local, state and federal levels. Religious institutions do not pay any income tax at any level of government.
- Additionally, individuals and corporations that donate to religions can deduct those expenses – once they are above a specific amount – from their taxable income...
No comments:
Post a Comment