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On November 5, 2007, United States Senator Chuck Grassley announced an investigation into the tax-exempt status of six ministries under the leadership of Benny Hinn, Paula White, Eddie L. Long, Joyce Meyer, Creflo Dollar, and Kenneth Copeland by the United States Senate Committee on Finance.
The Evangelical Council for Financial Accountability (ECFA) is an American financial standards association representing Evangelical Christian organizations and churches, which qualify for tax-exempt, nonprofit status and receive tax-deductible contributions.
Although the IRS often sets churches to 501(c)(3) status as default tax status, Safstrom said, based on her reading of the law, churches in the complaint would likely receive the political ...
Churches and associated corporations are automatically considered tax-exempt and are not required to apply for and obtain recognition of exempt status from the IRS. Donors are allowed to claim a charitable deduction for donations to a church that meets the section 501(c)(3) requirements, even though the church has neither sought nor received ...
Religious institutions have to be careful of the messages they share, as veering too overtly political can risk their tax-exempt status as nonpartisan nonprofits.
An Internal Revenue Service church audit of God's Storehouse can continue after a federal appeals court declined to block the federal government from getting the church's bank records.
Page from the Congressional Record containing a transcript of the passage of the amendment. Paragraph (3) of subsection (c) within section 501 of Title 26 (Internal Revenue Code) of the U.S. Code (U.S.C.) describes organizations which may be exempt from U.S. Federal income tax. 501(c)(3) is written as follows, [4] with the Johnson Amendment in bold letters: [5]
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