Skip to comments.IRS to Rubber Stamp Tax-Exempt Status for Most Charities After Scandal
Posted on 07/13/2014 6:51:17 PM PDT by 2ndDivisionVet
IRS head touts efficiencies" but some groups fear fraud.
Amid ongoing controversy over its scrutiny of non-profits, the Internal Revenue Service has decided it will no longer screen approximately 80% of the organizations seeking tax-exempt charitable status each year, a change that will ease the creation of small charities while doing away with a review intended to counter fraud and prevent political and other non-charitable groups from misusing the tax code.
As of July 1, any group that pays a $400 fee and declares on a three-page online form that it has annual income of less than $50,000, total assets of less than $250,000 and is in compliance with the tax code requirements of a charity will automatically be allowed to accept donations that are tax-deductible for the donors. Previously the groups had to fill out a detailed 26-page form, submit multiple supporting documents and provide a narrative description of their intended activities....
(Excerpt) Read more at time.com ...
Just another variation of “Heads we win/tails you lose”. Since far more leftists form groups than the right they will still retain the advantage - plus they are far more likely to be abusers of the nonprofit rules.
I did it the old way but it was a PIA. The amounts of monies they are talking about are not worth monitoring by the IRS. The $400 fee seems likes it’s more than I paid, though.
The IRS should be reduced in size by about 99%. That would help reduce the crime rate in DC by a substantial amount. Any fraud is minor by comparison.
Hookay! I’m running a charity that raises great citizens from helpless infants. Not one of our three girls turned out to be a criminal, drug addicted, bed wetting liberal. With that proven track record, we now want to set up a charity for helping to raise equally great grandchildren.
Good. Less money for them and I guess they’ve backed off from implementing the onerous rules they sought.
Next stop, end their employees union.
After that, flat, flat, flat and reduce their staff by 60%.
Oh yeah, and I STILL want to see Lois Lerner go to prison and lose her pension.
heads....tails?.....lol.. if u know that...Bet on inflation!!!...1st come..1st served!..............
old school thinking but it worked for me to a degree....
“You’re in trouble boy, we know where you’ve been.” Eagles, “On The Border “ album.
Well, that’s awfully convenient.
After you took the wind out of the sails of many good people or simply let others die on the shoals.
Sounds like the Dems have found a new way to create more charitable institutions to pay for their candidates.
Reform Obama style...
Pass H.R. 25 “FairTax” and all these IRS political controversies will disappear for good:
Now is the time to apply for a life-long Tax-exempt status.
Going from Ridiculous to Insane
Whew. The MSM can now ignore the reality by declaring the controversy over. Thanks 2ndDivisionVet.
Prior restraint is always wrong.
I have no doubt that there have been, are, and will be, organizations claiming tax exempt status for purely political purposes.
The appropriate response is punishment after the fact.
Now they can close the barn door after the horse got out.
the government commit more crimes than the private sector. Its worth the risk
From one extreme to the other....real smart.
The cynicism of this administration is incredible.
please donate money to my charity... White Men for Hot Chicks in Bikinis o Trampolines, Guns, God, and Ted Cruz. I expect to get my 501(c)(3) status any day now.
I think my charity may be able to participate in crossover fundraising activities... my membership just requires a writeup and photos of the three potential charity-sponsored individuals.
yes, freedom, asking to be left alone is extreme position
Under the FairTax, ALL business entities would be tax-FRee!
There would be no such thing as a “501 C-3” organization, and no need for a Lois Lerner!
See http://www.fairtax.org for more information.
Will the application form be in Spanish ?
My understanding was that those organizations behind this case were STILL being held up in processing/approval.
Has this changed?
Still a good idea to name your charity something like Transgender Progressives for Equality. That will guarantee you are not in the 20% that gets screened.
I filed a 501(c)(3) app a year ago, and my organization — Ham Radio Club — is finally getting the approval. A year in the process!
We have $2500 in the bank, annual revenue of about $6000, and assets of $10K.
Where was this new reg when we needed it?!!!