What is a 508(c)1(A) Church?

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  • čas přidán 7. 03. 2024
  • I just go straight to the code:
    - Tax Code for 508: www.law.cornell.edu/uscode/te...
    - IRS Guidance: www.irs.gov/charities-non-pro...

Komentáře • 19

  • @edshuman3137
    @edshuman3137 Před 21 hodinou

    Awesome info

  • @fluidhue1755

    You didn’t answer the question , what is a 508 (c)(1)(a) church. It’s not listed & each state has better info.

  • @Michael-iw3ek

    You wear that hat to sleep too?

  • @michaelmcinnis911

    Leave it to the IRS to make it as complicated (and verbose...) as possible!

  • @michaelmcinnis911

    Churches still have to file some STATE paperwork in order to avoid paying taxes on purchases, etc. - correct? (Part of this is getting a state ID or EIN number...)

  • @sagalqureshi5811

    How about a Mosque?

  • @psychicbloodbrother

    You still have to maintain the exemption status of 508 making plain that you are exempt from the filing status and scrutiny of the 501. Yes they are similar but your over simplification is a bit misleading because it is so vague. I really liked the first portion that was awesome the conclusion is weak. The 508 exemption is in the code/law for e reason please help people understand what that is.