RELIGIOUS ORGANIZATIONS AND THE ANNUAL COMPLIANCE REPORTING EXEMPTION

RELIGIOUS ORGANIZATIONS AND THE ANNUAL COMPLIANCE REPORTING EXEMPTION

Religious organizations receive the most charitable contributions of all public charities. However, unlike other public charities, they are automatically exempt from the annual IRS compliance reporting via Form 990. This is based on the protection of religious freedom which exempted such organizatio...

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Veröffentlicht in:Journal of legal, ethical and regulatory issues ethical and regulatory issues, 2015-01, Vol.18 (2), p.11
Hauptverfasser: Elson, Raymond J, Tarpley, Maurice
Format: Artikel
Sprache:eng
Schlagworte:
Accountability
Accreditation
Annual reports
Catholic churches
Charities
Compliance
Exemptions
Fraud
Freedom of religion
Information returns
Nonprofit organizations
Religious congregations
Religious organizations
Studies
Tax exempt organizations
Tax exemptions
Taxes
Transparency
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Zusammenfassung:Religious organizations receive the most charitable contributions of all public charities. However, unlike other public charities, they are automatically exempt from the annual IRS compliance reporting via Form 990. This is based on the protection of religious freedom which exempted such organizations from government scrutiny. Religious organizations are becoming more complex, and are growing exponentially especially in the 'mega church' sector. Perhaps it is time to re-examine the compliance reporting exemption. The paper discusses the positions of those who support and oppose this federal exemption and concludes with the authors' viewpoint.
ISSN:1544-0036
1544-0044