Posted Nov 9, 2008, 7:01 AM
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Registered User
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Join Date: Jun 2007
Location: Bountiful, Utah
Posts: 1,163
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The IRS already watches the LDS Church like a hawk. I work in the tax world and have many friends in it as well. My understanding from some of them who work at the church is that they have the IRS with them all the time. I am sure that the IRS watches what they do and that the church has not overstepped its bounds in regards to its 501(c)(3) status. Everyone loves to argue that the tax-exempt status should be yanked. I say, read the entire section of the revenue code in relation to the various types of tax-exempt status. Don't forget the Revenue Rulings, Revenue Procedures and the Tax Court Cases as well. It is overwhelming and in no ways am I an expert in it but I do think that the church takes all precautions to make sure that they stay within the boundaries that have been set by the government for a 501(c)(3).
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