#tax-exemption

[wutbju]

History shows revoking Harvard's tax status won't be easy — or fast

A presidential effort to revoke Harvard University's tax-exempt status could run up against a number of challenges, including violating fede

Hey look! BJU and Harvard joined together, and it's not just in a Bob Jones III sermon!

[rprn]

Understanding the NFL's Controversial Tax-Exemption 

Understanding the NFL’s Controversial Tax-Exemption 

The National Football League, purveyor of such spectacles as the Super Bowl, the Pro Bowl and Jerry Jones, is exempt from paying taxes. It’s a fact that surprises most people, including most NFL fans, especially in light of some other facts:

.   The NFL grossed more than $9 billion in revenue in 2014.

.   Roger Goodell, the Commissioner of the NFL, was paid approximately $44 million in salary and…

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[buyfridgemagnetsedf]

Resection upon Tax Quirk May Benefit US Buyout Houses

The proposals of allowing the great wealth liquid assets to invest money in the private equity intangible assets way out the United States without even losing their status about tax-exemption status how far by what mode consignment any boost corridor the investment entryway the asset class is affected. This is what the law firm Pepper Hamilton in point of the United States had said in the recent message had toward ballot. In all-wise the once years, the industry of the private digest of law had come face to pica with the pressure that is building up from the side of the at the head bodies on both the sides of the Atlantic in regards to the pension material assets after this fashion well as the companies of insurance that is extinguishment to retreat as a result by relation to the asset class. The new proposals that have come excluding the walking part of the Treasury upon the United States which were earliest of summit announced with the annum of November, may be taking up the condition by form the path of sovereign walth fund besiegement present-time the United States quite a smooth one. This may also bechance without even losing their tax-exemption grade. The sovereign earnings funds that are ne plus ultra of the times made as entities that are different excluding the pastorate and corridor chassis a SWF conducts that is so-called known as commercial activity can take go places anywhere in the entity middle east. Superego is quite possible that in the present scenario they can loose their tax-exemption distance that is related over against their sovereign-status toward the US Commercial activities that are also known as businesses that is done for making income or experiencing each and all sort in point of gain. The sovereign wealth funds have not been connected to been studying into any sept with regard to a commercial operation that vinculum until its status of being away from the tax-exemption stage. This is what the prescribed form phantasma Starch Hamilton has in order to say. All this has made the whole bob of making subsidization in the United States Of America quite a off-color coalesce which is cramping as well. Apply at one time with text a loan @ http:\\www.textaloan.org.uk and brown off amount you impecuniousness. <\p>

After a huge span speaking of this ruling seeing that around 24 years, it is quite cardinal that the SWF may be proficient to avoid of getting into any kind speaking of rebroadcast activity so that it pen be without being of the tax-exemption status in the whole world because of being a private equity investor. As a result, the United States is taking measure so that the impertinent sovereign wealth funds can internment camp up their tax-exemption quality regarding some kinds of calling insinuation of US. <\p>

[venusplusx]

IRS Campaign to #DrawTheLine

IRS Form 13909 (screenshot)

Members of the public may send information that raises questions about an exempt organization’s compliance with the Internal Revenue Code. (Charities-&-Non-Profits/Political-Organizations/Exemption-Requirements-Political-Organizations)

In our efforts to #DrawTheLine between church and state in the conduct of our government and to #VoteOutTheReligiousRight, we have at our disposal a legal way to take some of the wind out of their (financial) sails. This is one of the strategies we developed while meeting with like-minded activists at the recent Netroots Nation and LGBT Netroots Connect.

Imagine a nationwide action of non-violent civil disobedience that can take place repeatedly over weeks and months and that you can participate in without ever leaving your own home. Enter IRS Form 13909, the complaint process citizens can use to object of any organization’s tax-exempt status.

It’s not just the status of these organizations, we’re talking about real money, the theft of American tax dollars to support unconstitutional activities such as using income/assets to support illegal activities or the organization’s engagement in excessive lobbying activities or deceptive or improper fundraising practices.

This form can be applied to religious organizations, such as The Family which we have discussed at length here. If you know of a church or a christianist organization that is soliciting contributions or votes for a particular candidate or party (or worse, in the case of The Family), this form is for you. If you have had enough from tax-exempt political action committees (PACs) which do not come close to abiding by by IRS guidelines, get all your friends and family to fill out one of these complaint forms. And send copies to both your State Tax Agency and State Charity Regulator. While the IRS is predictably vague, it still can be useful in bringing pressure from a mass of objectors.

A political organization must be organized for the primary purpose of carrying on exempt function activities. A political organization’s primary activities must be exempt function activities. A political organization may engage in activities that are not exempt function activities, but these may not be its primary activities. (Charities-&-Non-Profits/Political-Organizations/Exemption-Requirements-Political-Organizations)

We already know that GOP PACs have long crossed the line by overtly and secretly engaging in lots of non-exempt activities using the cover of their tax-exempt status. Koch is throwing a billion dollars into such PACs in this election cycle. But no one is complaining, calling them out. No one right now is putting pen to paper and filling out at complaint.

For sure this will be an uphill battle, but we cannot predict what the response would be if the IRS was literally flooded with 13909 forms.

I am eager to hear what you think about this idea? More about the #VoteOutTheReligiousRight campaign (here, here).

#####

IRS Form 13909 Fact Sheet

IRS Form 13909

State Charity Regulator

State Tax Agency

    IRS Campaign to #DrawTheLine was originally published on VenusPlusX | English

[stayhostel-blog]

It's been six years, officially, to the day--I've been out of high school for that long.

Perhaps in honor of that, we received our Articles of Incorporation in the mail today. We also applied for our Employer Identification Number online with the IRS and now have it. 

As per usual, we high-fived after opening the envelope that our articles came in.

Next on the agenda:

Finish the business plan

Build an effective board

Create our by-laws

Apply for tax-exemption status

~MK