#TaxExemptStatus

Dan Mangan reveals a groundbreaking lawsuit in 2024 where churches challenge the IRS over political endorsements, arguing their First Amendment rights are violated. The IRS responded by clarifying that churches can endorse candidates without losing tax-exempt status, shifting the interpretation of the Johnson Amendment. This ongoing case could reshape church-political dynamics. Read more about this impactful story here: cnbc.com/2025/07/08/irs-church #IRS #FirstAmendment #JohnsonAmendment #ChurchPolitics #TaxExemptStatus

Susan Larson ♀️🏳️‍🌈🏳️‍⚧️🌈Susan_Larson_TN@mastodon.online
2024-10-01
2024-07-22

Do I know any CPA's or tax pros?

I have contacted TWO local CPAs and I have nothing to show for it.

I dont think what I am asking is illegal. Its a legit question regarding #tax #law and maintaining 501c3 status and minimizing tax.

If I administer a #nonprofit that has title to a commercial building, can I lease half the building to an #LLC which I also run?

Would that jeopardize my #taxexemptstatus ?

Anyone?

#taxlaw #cpa #accountant #501c3

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