Where Was The Auditor?
Reviewing the implied charges in the Senate Finance Committee’s letters to the six televangelists, a question that might come to the minds of some readers is “Where were the auditors?” It came to our minds.
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Intermediate Sanctions
In 1996, Congress overwhelmingly passed, and President Clinton signed into law, new legislation called the "Tax-Payer's Bill of Rights." As part of this new law, the Internal Revenue Service may now impose "intermediate sanctions" against individuals involved in certain types of transactions with churches and other tax-exempt organizations.
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The Privilege of Tax Exemption
Many believe that the First Amendment to the United States Constitution requires the government to grant tax-exempt status to churches and other religious organizations. However, while it is true that our tax system has long granted tax exempt status to religious organizations, nothing in the Constitution actually commands the granting of such tax-exemptions.
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What is a Minister Worth?
As a result of the collapse of Jim Bakker's PTL ministry and the revocation of its tax-exempt status, everyone is debating how much is "proper compensation" for a Christian leader.
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Perilous Financial Ventures
Churches that turn to get-rich-quick fund-raising methods may be treading on dangerous ground. Where does a church turn when the money it needs doesn't seem to be there?
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Electing out of Self-Employment Tax
One of, if not the most major financial decision a minister must make, with regard to his financial security, must be made early in his career. Actually, this decision must be made within the first two years for which he has net income for performing ministerial services.
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