Day 3 Of Kent Hovind Trial – Government Will Finish On Friday
Kent Hovind is one of the leading lights in the field of Young Earth Creationism, the notion that there is scientific evidence for a hyper-literal reading of the Book...
IRS Grossly Unqualified To Make Determinations About Software Related Exempt Applications
I think that some organizations might want to think about whether the game is worth the candle when it comes to applying to the IRS for exempt status. If you are not expecting to get much in the way of charitable contributions and you don’t intend to accumulate a large reserve, there is not a lot gained from a federal tax perspective. In certain circles 501 status will give you an entirely undeserved dose of credibility and certain grant making organizations will only make grants to organization with exempt status. There are also a variety of state and local benefits that can hinge on exempt status. Still many organizations, particularly the 501(c)(4)s could probably be what they want to be without IRS recognition.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.