Team Skull
said
:
Averia Light
said
:
Churches are exempt under the us tax code because they are a nonprofit organization. Keep in mind that nonprofits can make profits, but their organization can not be run to make a profit, more or less.
It has been a few years though.
More or less.
Basically, their bottom line has to show 0 under profits.
Lotta shady shit goes on to make that happen though.
If I recall, they (nonprofits) can show a profit as long as x percentage of dollars comes from contributions. The exception, if I recall correctly, are political organizations. They can't get the nonprofit tax benefits. I also want to say that they can show a profit for several other reasons, but, tbh I hate the tax side and find it rather boring.
And I swear I'm not going to let her know all the pain I have known
31-Aug-2017 17:59:58
- Last edited on
31-Aug-2017 18:01:42
by
Averia Light