IRS Says Churches Can Endorse Candidates From Pulpit
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A proposed IRS rule requiring decentralized crypto platforms to report user transactions has been officially withdrawn, marking a win for industry advocates.
Churches can endorse candidates from the pulpit without endangering their tax-exempt status, the IRS said in a Texas court filing. One pastor who spoke to the Observer called it a "moot point."
A tech watchdog has lodged a formal complaint against OpenAI with the Internal Revenue Service — warning that CEO Sam Altman looks poised to reap a stake worth billions in violation of US
18hon MSN
The new IRS interpretation came after decades of debate and, most recently, lawsuits from the National Religious Broadcasters association and other conservative churches complaining that the amendment violates their First Amendment rights, among other legal protections.
A resolution repealing the IRS rule was signed into law by President Trump in April, after passing both the House and Senate with bipartisan support.
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There are several mistakes that you can make while filing your tax return with the IRS that could cause a delay in processing. This one resulted in a fine.
By interpreting political discussions during worship as private conversations, the IRS creates a loophole that will lead to organizations seeking tax breaks in exchange for political support and introduce hidden sources of money into elections.