Thursday, Aug 18, 2022 - 09:36:07
70 results - (0.002 seconds)

a tax exempt:

latest news at page 1:
12
    COLUMBUS—The Ohio Department of Taxation announced in a release that Ohio will have a sales tax holiday from Friday, August 5, 2022 at 12:00 a.m. to Sunday, August 7, 2022 at 11:59 p.m. The holiday comes as many are gathering up school supply necessities in preparation for the upcoming academic year, but anyone can benefit from the tax free holiday as long as their purchased items qualify for the exemption. The Department of Taxation specified that the following items are exempt from sale and use tax during the holiday: An item of clothing priced at $75 or less; An item of school supplies priced at $20 or less; and An item of school instructional material priced at $20 or less. The release further specified that “items used in a trade or business are not exempt under the sales tax holiday.” Qualification for tax exemption is determined by the type of item and price specified, but there is no limit on qualifying items which can be purchased.
    ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Forty members of Congress on Monday asked the IRS and the Treasury to investigate what the lawmakers termed an “alarming pattern” of right-wing advocacy groups registering with the tax agency as churches, a move that allows the organizations to shield themselves from some financial reporting requirements and makes it easier to avoid audits. Reps. Jared Huffman, D-Calif., and Suzan DelBene, D-Wash., raised transparency concerns in a letter to the heads of both agencies following a ProPublica story about the Family Research Council, a right-wing Christian think tank based in Washington, D.C., getting reclassified as a church. Thirty-eight other lawmakers, including Reps. Adam Schiff, D-Calif., Debbie Wasserman Schultz, D-Fla., Rashida Tlaib, D-Mich., and Jamie Raskin, D-Md., signed onto the letter. “FRC is one example of an alarming pattern in the last decade — right-wing advocacy groups self-identifying as ‘churches’ and applying for and receiving church status,” the representatives wrote, noting the organization’s policy...
    Far-right Tennessee Pastor Greg Locke told his congregation on Sunday that he dropped his tax-exempt status after a non-profit group urged the Internal Revenue Service to look into his politically charged sermons. Locke, who is the pastor at Mt. Juliet’s Global Vision Bible Church, outside of Nashville has stirred plenty of controversy for his outlandish sermons that have urged his followers not to get vaccinated, claimed VP Kamala Harris is leading a sex trafficking ring, and most recently that Christians can’t be Democrats. “You cannot be a Christian and vote Democrat in this nation. I don’t care how mad that makes you. You can get as pissed off as you want to,” he screamed during a sermon in mid-May. “You cannot be a Christian and vote Democrat in this nation. They are God-denying demons that butcher babies and hate this nation,” he raged. Americans United For Separation of Church and State (AUSCS) sent a letter to the IRS urging the agency to investigate Locke and his Chruch’s status as a 501(c)(3) organization – which are not allowed to “participate...
    ALL veteran retirees in South Carolina may soon be excused from their state income taxes. A newly passed bill would make all military retirement income exempt from South Carolina income taxes. 1The Workforce Enhancement and Military Recognition Act awaits governor approval At the state level, the bill was passed by both the House and the Senate and it may be an incentive for veterans to relocate to their state. According to the South Carolina Department of Veterans’ Affairs, out of the 400,000 military veterans residing in South Carolina, nearly 40,000 veterans would benefit from this bill if approved. Representative Bobby Cox, co-sponsor of the bill, told News19: “35 states currently don’t tax military [retirement] income." "South Carolina will be part of that group and recruit some of those great work skills that we want to have with our veterans,” Mr Cox. Read More on TaxesMONEY CHANGE Two big changes to child tax credits and it's not good news for parentsBONUS BUCKS 'Special' tax refunds of up to $500 to be issued THIS WEEK – do you qualify? The Workforce...
    LOW and middle-income seniors no longer need to pay state taxes on their Social Security checks thanks to fresh legislation signed into law. New Mexico governor Michelle Lujan Grisham recently signed House Bill 163, which will exempt those making less than $100,000 from paying state taxes on their Social Security benefits.  1Individuals in New Mexico making less than $100,000 are exempt from the state tax Couples earning less than $150,000 also won’t need to pay taxes on their retirement checks either. Fred Nathan Jr., founder and executive director of Think Mexico, told ThinkAdvisor that the tax relief will let 115,000 seniors earn $710 more on average annually.  In the past, individuals earning up to $25,000 and couples making up to $32,000 were exempt from paying taxes on their benefits.  New Mexico has given a deduction to those paying taxes on their Social Security benefits.  READ MORE ON SOCIAL SECURITYJOB SUPPORT How working and claiming SSI and SSDI affects cash - how to avoid a cut-offHOLD ON Why it makes sense for Social Security recipients to claim benefits at 70 Which states tax Social Security benefits? While...
              by Victor Skinner   A Pennsylvania lawmaker wants to allow counties to enact a 1% sales tax that local municipalities can use to shore up pension obligations, maintain core services or put to other uses. State Rep. Michael Sturla, D-Lancaster, spelled out the proposal in a legislative memorandum. “The impetus is local municipalities across the state are struggling,” Sturla told The Center Square, pointing to Lancaster’s precarious financial situation as an example. “We tend to attract the people who need the most services and have the least ability to pay taxes.” The proposed legislation would allow counties to enact a 1% sales tax through voter referendum or county board ordinance that would be collected with state sales tax and redistributed back to the counties, which would allocate the money based on the assessed value of tax-exempt properties. “It allows for a redistribution for that 1% sales tax within the county to the municipalities that need it the most,” Sturla said. “In a lot of cases, it’s going to fix a pension system, fix a water and sewer system … allow for...
    PARENTS who received advance child tax credits need to be on the lookout for a letter from the IRS summarizing how much money was received in 2021. Letter 6419 will help you understand if you received too much money from the IRS because you may need to pay back the excess funds. 1Child tax credit payments were based on your 2020 tax return When you file your 2021 tax return, you will need to compare the total amount of advance child tax credit (CTC) payments you received last year with the amount of the child tax credit you can properly claim. If you received a total amount of advance child tax credit payments that exceeds the amount of CTCs you can claim, you may need to repay to the IRS some or all of that excess payment. Child tax credit payments were based on your 2020 tax returns. If a 2020 tax return was not available, the IRS used information from your 2019 return. If your income increased, your filing status changed or the amount of qualifying children changed, you...
    (CNN)An online media network that promotes election and coronavirus-related conspiracy theories is soliciting donations and telling donors their contributions will be tax-deductible -- even though its foundation's tax-exempt status has been revoked by the IRS. The Worldview Weekend Broadcast Network -- which has given a platform to conspiracy theorist Mike Lindell and other right-wing figures who have pushed falsehoods about the 2020 election -- collects donations through a nonprofit organization, the Worldview Weekend Foundation, which they say funds some of its operations. The IRS revoked the foundation's tax-exempt status in May after it failed to file tax returns for three consecutive years, according to the agency's records. That means that donors who give money to the foundation can't deduct those contributions from their taxes unless the IRS reinstates its status. But more than seven months later, the organization is still actively soliciting donations and telling potential donors their contributions will be deductible. This week, a large pop-up ad on the website declared that "your tax deductible contribution is vital to continue operations," while a banner ad urged supporters to "make...
    SACRAMENTO (BCN) – California nonprofits that participated or aided in last year’s attack on the U.S. Capitol may lose their tax-exempt status via a new bill introduced by state Sen. Scott Wiener, D-San Francisco, on the anniversary of the insurrection. Senate Bill 834, introduced Thursday, would suspend tax breaks for groups who fundraised and sent money to groups involved in the Capitol attack on Jan. 6, 2021, and who challenged the legitimacy of President Joe Biden’s win in the 2020 election. READ MORE: COVID Infections To Cause AC Transit Bus DelaysMany groups that supported the effort are still in operation and use millions of dollars in tax-exempt funds to push the “Big Lie” narrative that former President Donald Trump defeated Biden, according to Wiener. “Tax-exempt status is a privilege, not a right, and organizations that promote insurrection and conspiracy to commit insurrection — both of which are illegal — should not be given this special status to help them fundraise,” Wiener said in a statement. California’s tax code already states organizations supporting terrorism are not qualified for tax-exempt status, and...
    BOSTON (CBS) – A Massachusetts lawmaker filed a bill to make at-home COVID tests tax-free. Rep. Marc Lombardo of Billerica filed the bill Wednesday, saying it is wrong to tax the tests when they are recommended by health officials. Today, I filed legislation to exempt at home Covid tests from MA sales tax. A friend recently made me aware that at-home Covid tests are subject to sales tax in MA and this is wrong. At a time where frequent testing in recommended, MA should not be charging residents a sales tax pic.twitter.com/KBu196vqx4 — Marc Lombardo (@MarcTLombardo) January 5, 2022 The bill would amend existing sales tax law to make the tests exempt.
    Rep. Bill PascrellWilliam (Bill) James PascrellDemocrats fear Virginia is precursor to House drubbing Infrastructure bill could upset debt limit timeline Democrats seek tweaks to .75T framework MORE (D-N.J.) has launched a probe into potential tax abuses from college football programs that signed coaches to multi-million dollar contracts, The Washington Post reported.  Pascrell announced the inquiry by sending letters to the presidents of Louisiana State University and the University of Southern California on Friday.  Pascrell’s inquiry is based on elite college football programs producing lucrative contracts and expensive buyouts for head coaching targets and if those actions are persistent with the universities’ tax-exempt status.  Last month, LSU agreed to a 10-year, $95 million contract with former Norte Dame University head coach Brian Kelly and former University of Oklahoma head football coach Lincoln Riley signed a contract worth up to be $110 million, according to The Post.  “This week on national signing day, thousands of young students agreed to play sports for free for university programs paying literally tens of millions of dollars a year and giving free houses to their coaches. These exorbitant contracts to...
    When a bunch of QAnon-believing, MAGA-loving, former White House employees show up at church and begin shouting a veiled version of f**k Joe Biden via "Let's Go, Brandon," from the pews, that's not a religious service, it's a political rally; and San Antonio, Texas-based Cornerstone Church's Rev. John Hagee needs to pay his fair share in taxes starting right now. This is the same megachurch reverend who once said that Jesus Christ is the vaccine for COVID-19, but after getting the virus recanted. He is now, as he says, "taking the vaccine." And in 2008 he preached antisemitic statements, such as God sent Hitler to hunt the Jews who had failed to support Israel by moving to the Middle East. In order to cover its ass, the church was technically rented out for the "ReAwaken America" conference, but Hagee regularly engages in politics during services. This past weekend, he claimed that President Biden is the worst president ever. Video of the chant began spreading like a disease on social media over the weekend when throngs in attendance were egged...
    A "Let's Go Brandon" sign hangs on an overpass near a March for Freedom rally where people were demonstrating against the L.A. City Council COVID-19 vaccine mandate for city. When a bunch of QAnon-believing, MAGA-loving, former White House employees show up at church and begin shouting a veiled version of f**k Joe Biden via “Let’s Go, Brandon,” from the pews, that’s not a religious service, it’s a political rally; and San Antonio, Texas-based Cornerstone Church’s Rev. John Hagee needs to pay his fair share in taxes starting right now. This is the same megachurch reverend who once said that Jesus Christ is the vaccine for COVID-19, but after getting the virus recanted. He is now, as he says, “taking the vaccine.” And in 2008 he preached antisemitic statements, such as God sent Hitler to hunt the Jews who had failed to support Israel by moving to the Middle East. In order to cover its ass, the church was technically rented out for the “ReAwaken America” conference, but Hagee regularly engages in politics during services. This past weekend, he claimed that President Biden is...
    Democratic leaders are targeting church goers to get out the vote, endorsing Democratic incumbent Gov. Terry McAuliffe, who is slightly behind in the polls for the first time after making controversial remarks about parents not having a say in their children’s education. Some argue the Souls to the Polls campaign violates IRS rules governing tax-exempt entities such as churches. McAuliffe’s Republican challenger, political newcomer Glenn Youngkin, has slightly pulled ahead of him, according to a recent Trafalgar Group survey of 1,095 likely voters. Youngkin has 48.4% support to McAuliffe's 47.5%, giving Youngkin a slight lead in the race for the first time. As part of a Souls to the Polls campaign, Democratic leaders began descending on Virginia churches this week, primarily black churches. Atlanta Mayor Keisha Lance Bottoms visited three Black churches in Richmond on Sunday and former Georgia gubernatorial candidate Stacey Abrams went to churches with McAuliff, saying that she was the daughter of “not one but two pastors.” First Lady Jill Biden campaigned for McAuliffe last week, former president Barack Obama this week, and President Joe Biden is...
    Former Democratic Virginia Gov. Douglas Wilder, the commonwealth's first Black governor, condemned the campaign of Virginia Democratic gubernatorial candidate Terry McAuliffe for launching a video to play at Black churches in which Vice President Kamala Harris urges churchgoers to vote for McAuliffe after the service. Lawyers have suggested that when churches play the video, they violate Section 501(c)3 of the IRS code, potentially imperiling their tax-exempt status. "Well, it’s very good for her to do that, causing these churches to lose their tax-exempt status," Wilder quipped in remarks to The Washington Examiner, referring to the Johnson Amendment, which bans organizations that are exempt from taxes under 501(c)3 from supporting candidates. "If this is legal, then it’s surprising to me." KAMALA HARRIS VIDEO URGING CHURCHGOERS TO VOTE FOR MCAULIFFE MAY BE ILLEGAL "I believe that my friend Terry McAuliffe is the leader Virginia needs at this moment," Harris says in the video, which the McAuliffe campaign says 300 Black churches have agreed to play. It remains unclear whether churches have played it. "Early voting has already started, and this is the...
                      by Bethany Blankley  Democratic leaders are targeting church goers to get out the vote, endorsing Democratic incumbent Gov. Terry McAuliffe, who is slightly behind in the polls for the first time after making controversial remarks about parents not having a say in their children’s education. Some argue the Souls to the Polls campaign violates IRS rules governing tax-exempt entities such as churches. McAuliffe’s Republican challenger, political newcomer Glenn Youngkin, has slightly pulled ahead of him, according to a recent Trafalgar Group survey of 1,095 likely voters. Youngkin has 48.4% support to McAuliffe’s 47.5%, giving Youngkin a slight lead in the race for the first time. As part of a Souls to the Polls campaign, Democratic leaders began descending on Virginia churches this week, primarily black churches. Atlanta Mayor Keisha Lance Bottoms visited three Black churches in Richmond on Sunday and former Georgia gubernatorial candidate Stacey Abrams went to churches with McAuliff, saying that she was the daughter of “not one but two pastors.” First Lady Jill Biden campaigned for McAuliffe...
    Chattooga County Tax Commissioner Joy Hampton went the extra mile in helping WWII Veteran John Shamblin get his Veteran tag for his new truck. In Georgia, a disabled veteran can be exempt from TAVT (Title Ad Valorem Tax) on one vehicle at a time.  Mr. Shamblin had one exempt vehicle (TAVT) and another vehicle he pays annual ad valorem taxes on. “We swapped the license plates between vehicles, so the state thought he was trying to cheat and get the exemption on both. Sadly, in their defense this does happen sometimes.  I understood how it played out but was having a hard time explaining it, and their new system wouldn’t let me do what I knew was right,” Hampton said. “After advocating to several employees at the customer service desk that this honest, humble 96 year old WWII veteran was deserving and certainly not cheating, I finally drew a cartoon to show the chain of events.  I sent it way up the chain of command and he finally got...
    It’s not surprising that the Church of Scientology once tried to recruit David Duchovny into its ranks, but the actor says in a new interview that the controversial organization’s efforts “didn’t go well.” Duchovny’s interview with the Daily Beast comes as he’s back in the limelight for his cameo role in “The Chair,” the Netflix dark-comedy series about academia. The 61-year-old actor plays a version of his once-aspiring English doctorate self, but it was his re-creation of a famous “The X-Files” scene that set Twitter abuzz. Duchovny is introduced into the Netflix series when he, like his FBI agent character, Fox Mulder, had done, climbed out of a swimming pool wearing a small red Speedo. Why David Duchovny Was Willing To Reprise His X-Files Speedo For New Netflix Show With Sandra Oh https://t.co/Ffo1ciZiXf #AdonicaB #N1 — AdonicaB (@AdonicaB) August 24, 2021 It was during the height of Duchovny’s “X-Files” fame in the late 1990s and early 2000s that he said he had his strange encounters with Scientology. The church is well known for wanting celebrities such as Tom Cruise,...
    PARENTS who are eligible for child tax credits may see an impact on their taxes - but some don't have to repay any overpaid credits. The child tax credits are worth up to $3,600 per child in 2021, and are automatically issued as monthly advance payments of up to $300. 1We explain how the child tax credits could affect your taxes in 2022Credit: Getty However, accepting the money as an advance could mean a tax shock in 2022 after the IRS has processed your 2021 tax return. This is because the IRS bases the monthly amounts on your 2019 or 2020 tax return. Should your income increase or your child ages out of an eligibility bracket, you may find yourself forced to repay the money next year. To qualify for the full payments, couples need to make less than $150,000 while the limit is $112,500 for heads of households. The easiest way to avoid having to repay cash is by opting out, which means you'll get any money due as one payout in 2022. The deadline to do so for...
    by Ryan Cragun, University of Tampa The hashtag #TaxTheChurches began trending on Twitter in mid-July. The spark was allegations about the wealth of celebrity pastor Joel Osteen. But it wasn't the first time that “tax the churches" has circulated. In fact it is slogan that long predates social media – Frank Zappa was singing it back in 1981 and Mark Twain expressed similar sentiments many decades before that. As a sociologist of religion, I've long been interested in why religious institutions are exempt from certain taxes and what that means in potential lost revenue for the U.S. In 2012, I examined this issue and estimated that in total, churches in the U.S. get out of paying around US$71 billion in taxes annually.Auditing the house of GodMost religious organizations are exempt from a variety of taxes that individuals and businesses are required to pay, like income and property taxes. These exemptions began formally in 1913 at the federal level, though there is a much longer history of exempting charitable, educational, scientific and religious institutions from taxation. It is important to note...
    More On: internal revenue service How some Americans will get more COVID stimulus cash IRS reportedly plans to delay this year’s tax deadline How to get your full COVID stimulus check during tax season House Democrats push new child tax credit A decade after the Internal Revenue Service targeted conservative groups applying for tax-exempt status, the agency recently pulled a similar stunt with a faith-based organization named Christians Engaged. The IRS called it quits after a public backlash, but people and groups that are out of favor with the left should be wary of renewed government discrimination. The Christians Engaged saga is nearly two years running. In fall 2019, the outfit applied to the IRS for tax-exempt status as a nonprofit. This status would allow it to receive tax-deductible donations and more effectively fulfill its mission to “awaken, motivate, educate and empower ordinary believers in Jesus Christ.” It’s a nonpartisan organization that hopes to get people engaged in America’s civic process, like countless other groups of the kind. For most organizations, such applications are a routine affair, taking no...
    The Internal Revenue Service reversed course and granted tax-exempt status to a Christian group. Christians Engaged, a Texas-based nonprofit group that encourages religious citizens to vote and get involved in politics, had its 501(c)(3) application denied by the IRS late last month after the federal organization determined the Bible's "teachings are typically affiliated with" the GOP and its candidates. That decision was reversed following an appeal from First Liberty, a conservative legal group, announced on Wednesday. “This is truly great news for our client, as well as religious organizations and churches across America,” said Lea Patterson, an attorney for First Liberty Institute, in a statement. “We are grateful the IRS changed course to bring its decision into line with the Constitution and its own regulations.” TOP REPUBLICANS PRESS IRS AFTER CHRISTIAN GROUP REJECTED FOR NONPROFIT STATUS Bunni Pounds, a former GOP congressional primary candidate and president of Christians Engaged, was pleased by the ruling and said she looks forward to advancing the group's mission. “I am incredibly thankful to the IRS for doing the right thing, and we look forward...
    The Internal Revenue Service (IRS) granted a Christian group, Christians Engaged, tax-exempt status after initially denying it, saying, “[B]ible teachings are typically affiliated with the [Republican] party and candidates,” First Liberty Institute announced on Wednesday.  “I am incredibly thankful to the IRS for doing the right thing, and we look forward to continuing our mission of educating more followers of Jesus to pray for our nation and to be civically engaged. When we stand up, our republic works for all Americans,” Christians Engaged President Bunni Pounds said.  Christians Engaged applied to become a 501(c)(3) in late 2019. It received a rejection letter on May 18, 2021, from Exempt Organizations Director Stephen A. Martin, saying the group “engage[s] in prohibited political campaign intervention” and “operate[s] for a substantial non-exempt private purpose and for the private interests of the [Republican] party.” Martin stated in his letter that the group does not meet requirements for tax exemption because biblical causes tend to favor the Republican Party: Specifically, you educate Christians on what the Bible says in areas where they can be instrumental including the areas of sanctity of...
    Arizona Republicans have endorsed a plan to shield small businesses from a new tax to better fund public schools. The Senate voted along party lines Monday to pass Senate Bill 1783, which would create a new tax class for small business owners who would otherwise file as a pass-through entity. This would allow them to forego the 3.5% income tax surcharge established by Proposition 208. Sponsored by Sen. J.D. Mesnard, R-Chandler, it passed along partisan lines. If a business owner elects to enter the new class, they will set their tax rate at 4.5%, exempting them from the Prop. 208 surcharge. It also drops the rate by half of a percentage point every year until 2025, when the rate hits 2.5%. Prop. 208, approved in the 2020 General Election, added a 3.5% income tax surcharge on those in the top-earning bracket in Arizona who were previously paying a 4.5% rate to fund education. The surcharge required single filers with incomes exceeding $250,000 to pay 8% of their total income. Prop. 208 opponents believed the surcharge would...
    Republican lawmakers are demanding answers from the IRS after it appeared to disqualify a Christian group for tax-exempt status over its biblical teachings. House Ways and Means Committee Chairman Kevin Brady of Texas and Rep. Mike Kelly of Pennsylvania sent Internal Revenue Service Commissioner Charles Rettig a letter demanding he turn over a trove of records related to groups that were and were not granted tax-exempt status. At issue is the Texas prayer group, Christians Engaged, which was denied 501(c)(3) status by the IRS in May. In a communique denying the group tax-exempt status, IRS Director of Exempt Organizations Stephen Martin said that the organization was denied tax-exempt status because it is “not operated exclusively for religious and educational purposes” and was “engaged in prohibited campaign invention.” “You instruct individuals on issues that are prominent in political campaigns and instruct them in what the Bible says about the issue and how they should vote,” Martin wrote. “These issues include the sanctity of life, the definition of marriage, and biblical justice. These issues generally distinguish candidates and are...
                      by Casey Harper  Several Republicans in the U.S. House and Senate sent a letter to the IRS Friday demanding the agency correct a ruling they say could have major implications for churches and faith-based organizations in the U.S. Fifteen members signed the letter to IRS Commissioner Charles Rettig about a Christian group in Texas called Christians Engaged. The group released a letter from the IRS stating that the federal tax agency denied the group 501(c)(3) nonprofit status, saying “Bible teachings are typically affiliated with the [Republican] party and candidates.” That line of reasoning has sparked significant controversy. “These issues have always been at the core of Christian belief and classifying them as inherently political is patently absurd,” the Republican letter reads. “If the IRS applied this interpretation broadly, it would jeopardize the tax-exempt status of thousands of Christian churches around the country.” Christians Engaged works to get Christians more active in government. They are challenging the IRS’ denial. Now, they have the support of several members of Congress, whose Friday...
    Republicans called on the head of the IRS Friday to remove a top official who denied a Texas-based Christian group tax exemption status for promoting bible-related "topics" that are "affiliated with distinct candidates and specific political party platforms."  In a letter to Commissioner Charles Rettig, Texas Republican Rep. Chip Roy and 14 other congressional Republicans called the decision "blatantly biased, discriminatory, and flawed," and requested the IRS head personally review the case. Stephen Martin, IRS director of exempt organizations, said in a May letter to Christians Engaged, that the group did not qualify for the federal tax exemption status because it "engaged in prohibited political campaign intervention."  IRS REJECTS TAX-EXEMPT STATUS FOR CHRISTIAN GROUP OVER TIES TO REPUBLICAN PARTY "While you educate voters on what the bible says about issues, your educational activities are not neutral," Martin wrote to the group. "The topics typically are affiliated with distinct candidates and specific political party platforms." The IRS director pointed to the group’s work in teaching followers about "the sanctity of life, the definition of marriage, biblical justice, laws vs. lawlessness, freedom of speech, religious...
                      by Fred Lucas  A top Internal Revenue Service official told a Christian group that “Bible teachings are typically affiliated” with the Republican Party as a rationale for denying its application for tax-exempt status. The Texas-based Christians Engaged filed an appeal on Wednesday to the IRS’ denial, objecting to the tax agency’s assertion that it is partisan. In a May 18 denial letter, IRS Exempt Organizations Director Stephen A. Martin said Christians Engaged is involved in “prohibited political campaign intervention” and “operate[s] for a substantial non-exempt private purpose and for the private interests of the [Republican Party].” A “legend” at the top of the letter shows nine letters of the alphabet being used as shorthand to represent something. In this letter’s example, oddly, “D” represented “Republican.” “Specifically, you educate Christians on what the Bible says in areas where they can be instrumental, including the areas of sanctity of life, the definition of marriage, biblical justice, freedom of speech, defense, and borders and immigration, U.S. and Israel relations,” Martin wrote. “The Bible teachings are typically...
    The Internal Revenue Service denied a Christian nonprofit group tax-exempt status because “the Bible’s teachings are typically affiliated with the Republican Party and candidates.” “Specifically, you educate Christians on what the Bible says in areas where they can be instrumental including the areas of sanctity of life, the definition of marriage, biblical justice, freedom of speech, defense, and borders and immigration, U.S. and Israel relations,” read a letter from IRS Exempt Organizations Director Stephen Martin to Christians Engaged, a nonprofit group seeking tax-exempt status. “The Bible teachings are typically affiliated with the [Republican Party] and candidates. This disqualifies you from exemption under IRC Section 501(c)(3).” Christians Engaged, which bills itself as educational, Christian, and nonpartisan, says its goal is to “awaken, motivate, and empower ordinary believers in Jesus Christ to: pray for our nation and our elected officials regularly, vote in every election to impact our culture, and engage our hearts in some forms of political education or activism for the furtherance of our nation.” The group promises to teach Christians how to “civically engage as part of their religious...
    A Christian non-profit is challenging the Internal Revenue Service after the agency denied them tax-exempt status saying “the Bible’s teachings are typically affiliated with the Republican Party and candidates.” Christians Engaged describes itself as educational, Christian, and non-partisan, and operates out of Garland, Texas. Its three main goals, as described by the non-profit, include: To awaken, motivate, and empower ordinary believers in Jesus Christ to: pray for our nation and our elected officials regularly, vote in every election to impact our culture, and engage our hearts in some forms of political education or activism for the furtherance of our nation. The non-profit works to show Christians how to “civically engage as part of their religious practice” but does not promote specific parties or candidates or earn money for political causes, according to the organization’s appeal letter to the IRS.  The non-profit first applied to become a 501 (c)(3) in late 2019. They received a rejection letter on May 18, 2021, from Exempt Organizations Director Stephen A. Martin saying the group “engage[s] in prohibited political campaign intervention” and “operate[s] for a substantial non-exempt private...
    'I think it's fair to say and fairly objective to say we don't want taxpayer money to fund illegality,' said tax law professor Samuel Brunson. A California man charged with joining anti-government extremists in rioting at the U.S. Capitol told the IRS last year that he formed a charity called the American Phoenix Project to defend "human and civil rights" and educate the public about vaccines. Instead, Alan Hostetter used his tax-exempt nonprofit as a platform to oppose COVID-19 lockdown restrictions, protest that the 2020 election was stolen from former President Donald Trump and advocate for violence against political opponents, according to an eight-count indictment secured by the U.S. Justice Department. He's already charged with conspiracy to stop the certification of Joe Biden's presidency, but Hostetter also could be in violation of IRS rules governing tax-exempt nonprofits, possibly compounding his serious legal troubles. The IRS prohibits charities like Hostetter's from participating in any campaign activity for or against political candidates. In his May 2020 application to the IRS for tax-exempt...
    The Department of Justice charged a man who allegedly participated in the Capitol riot and used his charity, the American Phoenix Project, to protest the 2020 presidential election and promote violence, according to court documents. Alan Hostetter, 56, told the Internal Revenue Service (IRS) he created the American Phoenix Project to spread awareness about vaccines and to protect “human and civil rights” on his May 2020 application, according to the indictment. Hostetter reportedly claimed the election was stolen and promoted violence against political opponents through his tax-exempt nonprofit. Hostetter was charged with conspiring to stop President Joe Biden’s certification and could face additional charges if he’s found to be in violation of IRS guidelines prohibiting tax-exempt nonprofits from engaging in political activities, the Associated Press reported. Hostetter said the project would not partake in political campaigns in his May 2020 application for tax-exempt status. “I plan on fighting and fighting and fighting like I always do and having my day in court because what you have seen publicly portrayed in this indictment, I don’t want to go too overboard, but...
    KANYE West has quietly made his church official by registering his Sunday Service as a tax-exempt non-profit - despite ongoing lawsuits from disgruntled workers, The Sun can exclusively reveal. The 44-year-old rapper began hosting invite-only musical services with a gospel choir back in January 2019, to coincide with his album release Jesus Is King. 13Kanye West's Sunday Service launched two years ago and quickly grewCredit: Splash 13Documents show he has now made the church an official non-profitCredit: Secretary of State of California He performed at secret locations close to his home in Calabasas and later took the service to Coachella, but went on hiatus during the pandemic. Documents obtained by The Sun show Kanye hired lawyer, Karl F. Mill, based in San Francisco specializing in non-profits, and has now been granted 501c3 tax-exempt status. A filing dated March 23 shows details of the corporation and lists the $2.2million HQ in Calabasas, which Kanye is said to have turned into a bachelor pad amid his divorce from Kim Kardashian. Kanye's "gated ranchette" was bought in 2018 and the modest home sits...
    EXCLUSIVE: Senate Minority Leader Mitch McConnell and Republican Sens. Chuck Grassley and Mike Crapo are demanding the Justice Department and the FBI investigate the disclosure of confidential tax information of some of the country’s wealthiest taxpayers.They're insisting those responsible be prosecuted and "punished to the furthest extent the law permits." Fox News obtained the letter McConnell, Grassley, the top Republican on the Senate Judiciary Committee, and Crapo, the top Republican on the Senate Finance Committee, sent to Attorney General Merrick Garland and FBI Director Christopher Wray, after a ProPublica report revealed what it called the low "true tax rate" in the U.S. paid by the world's wealthiest people, such as Warren Buffett (0.1%), Jeff Bezos (0.98%), and Elon Musk (3.27%).  TWITTER ALLOWS SHARING OF PROPUBLICA ARTICLE ON LEAKED IRS DATA AFTER BLOCKING NY POST'S BIDEN STORY The report cited "an anonymous source who provided us with large amounts of information on the ultrawealthy, everything from the taxes they paid to the income they reported to the profits from their stock trades." The outlet did not reveal its source and only indicated...
    (Reuters) – UK Finance Minister Rishi Sunak is urging the city of London to exempt itself from the future global minimum corporate tax system to be won by the G7, the Financial Times reported on Tuesday. On Saturday, the G7 countries reached a historic agreement to increase the international taxation of major multinationals such as Alphabet (Google’s parent company), Apple and Amazon. The agreement provides for the establishment of a minimum 15% floor rate for corporate taxation and the policy for companies to pay tax in the countries where they sell their goods and services. An official close to the talks, FT writes that the UK is among the countries to “exempt financial services” for fear that London-based global banks could be affected. Rishi Sunak has already raised the question during the discussion at G7 London, citing those familiar with the matter, the newspaper said. The finance minister is expected to repeat his request at the G20 next month. “Our position is that financial services companies should be exempted, and EU countries are in the same position,” a British official...
    EXCLUSIVE: Senate Minority Leader Mitch McConnell and Republican Sen. Mike Braun are rolling out a measure Thursday that would prevent Democrats from "weaponizing" the Internal Revenue Service to target conservatives, by codifying a Trump-era rule that would protect groups regardless of their political ideology, and prevent the IRS from doxing donors, Fox News has learned. Fox News exclusively obtained the legislation on Wednesday, titled the "Don’t Weaponize the IRS Act," which would ensure that certain tax-exempt groups are no longer required to provide the names and addresses of major donors on annual returns filed with the IRS.  HR1'S SWEEPING CHANGES AND DEADLINES COULD SOW 'CONFUSION, CHAOS, FRAUD, AND LITIGATION,’ REPORT SAYS The bill would, though, require the tax-exempt groups to report to the IRS the amounts of donations from their substantial donors, while maintaining the names and addresses of those donors for their own records.  Sources familiar with the legislation said the removal of the requirement to report the names and addresses of donors would help protect taxpayers’ First Amendment rights, while noting that such information is not needed for tax...
    VIDEO4:0304:03Andrew Yang discusses feasibility of universal basic incomeThe News with Shepard Smith Former Democratic presidential candidate Andrew Yang is making universal basic income a central tenet of his political campaign once again — this time for New York City Mayor. "It makes us stronger, healthier, more secure, mentally healthier, improves our relationships," Yang said of the concept of guaranteed income. "55% of Americans are now for cash relief, in perpetuity, and 85% are for cash relief during this pandemic." Yang's proposed income program would extend an average of $2,000 per year to New York City residents living in extreme poverty and would cost $1 billion per year, according to his campaign website. The mayoral candidate told CNBC's "The News with Shepard Smith" Monday evening that he would target property tax-exempt landlords in New York City, like Madison Square Garden, to foot a portion of the bill.   "MSG's tax breaks [are] $40 million a year, alone," Yang said. "If you look at that money and you get it back into the city's hands, plus you invest some level of the...
    The New Jersey Assembly Appropriations Committee has advanced legislation to exempt Paycheck Protection Program (PPP) loans forgiven by the federal government from New Jersey’s gross income and corporate business taxes. Under A-5149, businesses could also deduct expenses paid for by such a loan. Congress included the loans in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses pay employees during the COVID-19 pandemic. The federal government may forgive part or all of a loan for recipients that meet certain conditions. “Small businesses throughout our state have been hit hard by COVID-19, which means many of their employees have also felt the impact of the pandemic,” Assembly members Louis Greenwald, D-Camden/Burlington; Daniel Benson, D-Mercer/Middlesex; and Gordon Johnson, D-Bergen, said in a joint statement. “The Paycheck Protection Program helped companies keep workers on the payroll when they may have otherwise needed to implement layoffs during the worst of the economic crisis,” they added. “Loans that were awarded and later forgiven to help businesses and their employees get through challenging circumstances outside their control should...
    Private corporations that provide water, sanitary sewage or storm water drainage service to the public may be exempt from state corporate income taxes. Bills currently considered by Iowa legislators would grant the tax exemption to corporations that provide the above services by piped distribution or collection system. Customers would be entitled to resulting cost reductions, according to HF 607, which was introduced Feb. 18. Companion bill SF 297 was in a Ways and Means subcommittee as of Feb. 16. “The agreement is, if we were to exempt the corporate income tax because they are acting as a public utility, that that savings for them would not be their profit, but would actually, penny for penny, go back to the consumer, so that should lower the water bills for the people who use that private water utility,” Rep. Dave Jacoby, D-Coralville, told The Center Square in a phone interview. Jacoby is ranking member for the House’s Ways and Means committee, which filed HF 607. The Iowa Utilities Board, which monitors meter readings and cost of water and approves or disapproves of...
    About 300,000 Missourians collected more than $3 billion in federal Pandemic Unemployment Assistance (PUA) provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act before it expired in July. That assistance – as well as PUA and other aid provided by August’s Lost Wages Assistance (LWA) package and December’s Consolidate Appropriations Act – is counted as taxable income under Missouri law. “It is important to note that both state and federal unemployment benefit payments are taxable,” The Missouri Department of Labor and Industrial Relations (DLIR) notes in instructions for PUA recipients to complete the IRS’s Tax Form 1099-G. House Budget Committee Chairman Cody Smith, R-Carthage, is calling on lawmakers to waive the state income tax of unemployment payments. Smith on Feb. 11 filed House Bill 991. Under the seven-page bill, federal stimulus checks related to COVID would be exempt from the state’s income tax. “This legislation would waive that personal income tax not only on the most recent round of stimulus related to COVID-19, but on anything going forward related to this pandemic specifically,”...
    EXCLUSIVE: A group of Republican House lawmakers on Monday introduced legislation to remove tax exempt status from bonds issued by sanctuary cities — the latest move by Republicans to crack down on the radical immigration policy in place in liberal jurisdictions across the country.The bill would change the Internal Revenue Code to remove the tax exempt status for bonds issued by any sanctuary city or state. The lead sponsor, freshman Rep. Matt Rosendale, R-Mont., told Fox News that he saw the "monumental problems" being caused by the sanctuary policies, which limit local cooperation with federal immigration enforcement. BIDEN PREPARES RULES TO LIMIT ICE ARRESTS, DEPORTATIONS "And I was just trying to think how in the world can we address this in such a fashion that we can disincentivize this activity," he told Fox News in an interview. The bill has 18 co-sponsors, including Reps. Andy Harris, R-Md., Chip Roy, R-Texas, Jeff Duncan, R-S.C., Marjorie Taylor Greene, R-Ga., Ronnie Jackson, R-Texas and Doug LaMalfa, R-Calif. Rosendale said the question about sanctuary laws comes down to whether the federal government is the supreme law of the land or...
    5 outstanding stocks to buy exempt from the Tobin tax
    U.S. Senator Sheldon Whitehouse (D-RI) speaks during the third day of the confirmation hearing for Supreme Court nominee Judge Amy Coney Barrett before the Senate Judiciary Committee on Capitol Hill in Washington, DC, U.S., October 14, 2020.Drew Angerer | Reuters Sen. Sheldon Whitehouse, D-R.I., has called on the head of the Internal Revenue Service to review the tax-exempt status of Turning Point USA, a dark money organization led by pro-Trump activist Charlie Kirk. In a letter Tuesday to IRS commissioner Charles Rettig, Whitehouse said that the 501(c)(3) nonprofit student group should have their tax-exempt status reviewed because he believes they broke Covid-19 regulations when they reportedly hosted two large events in Florida. One of those gatherings, according to the Washington Post, was at Mar-a-Lago, President Donald Trump's private club. Read the letter here. "According to press reports and social media posts, many participants gathered and mingled indoors without wearing masks, in violation of Palm Beach County's COVID-19 regulations." Whitehouse told Rettig in the letter. "In holding these 'superspreader' events, Turning Point USA knowingly exposed hundreds of young people and...
    . videos Mexico City reopens restaurant terraces despite the fact that covid does not refer Mexico, Jan 18 . .- After a strong pulse between the government and private initiative, Mexico City partially reopened some businesses this Monday, such as restaurants, although the pandemic continues to unleash with record numbers of covid-19 cases and hospitals practically full. “We are giving all the facilities so that this reactivation can be promoted without risking, reactivated without risking,” said the mayor of the capital, Claudia Sheinbaum, after authorizing an opening against which she had been reluctant in recent weeks. Sheinbaum, in his daily conference, recalled that restaurants can only open “if they do so on the ‘sidewalk’ (sidewalk) and with certain orientations”, since service inside is still prohibited. OPEN RESTAURANTS Despite the restrictions, the hotel business managed to open after a week of protests over the extension of the closure of non-essential activities imposed on December 19 to stop the infections, which until now are still unleashed. The capital is the main red light for the covid pandemic in Mexico, accumulating 407,254 cases...
    Thanksgiving travel 2020: Pandemic hangs over every decision Worlds deepest diving pool opens in Poland 10 Sources of Income Social Securitys Payroll Tax Cant Touch Every month, Social Security doles out payments to nearly 65 million Americans, over 46 million of whom are retired workers. Without this guaranteed payout, more than 15 million retirees would be living below the federal poverty line. © Provided by The Motley Fool 10 Sources of Income Social Security's Payroll Tax Can't Touch Ensuring the financial well-being of our nation's seniors requires a lot of incoming capital. In 2019, Social Security collected $1.06 trillion in revenue, with the 12.4% payroll tax on earned income providing the program with $944.5 billion. Though the payroll tax is Social Security's workhorse and will remain so for the foreseeable future, there are 10 sources of income it can't touch. © Getty Images Two Social Security cards lying atop a fanned pile of cash. 1. Exempt wage income Social Security's payroll tax is applied to all wage and salary income between $0.01 and $137,700 in 2020. Next year, this...
    CHICAGO (WLS) -- Mayor Lori Lightfoot will present her proposal for Chicago's 2021 budget, which reportedly features a property tax increase and layoffs to address the city's more than $1 billion budget deficit amid the COVID-19 pandemic.Under Mayor Lightfoot's plan, property taxes would reportedly increase by $94 million and the gas tax will increase by three cents a gallon.For a home worth $250,000, the property tax increase translates into a $56 increase, according to a source briefed on the budget talks.RELATED: Chicago budget shortfall estimated to be $1.2 billion in 2021, Mayor Lori Lightfoot saysA budget watchdog group calls that a tough sell during a pandemic."You're putting already beleaguered taxpayers, citizens, people that are fighting to hang on to their homes and their businesses in a much more difficult place," said Laurence Msall, president of the Civic Federation.Sources said that means the mayor is looking at about 350 layoffs of non-union city employees, and five furlough days for those exempt workers. She is also expected to propose eliminating 1,000 vacant positions.Many of those could come from the police department, which...
12