Monday, December 12, 2011

How many churches will go bankrupt ?

It was reported that 30 ministers have held a political rally and issued political comments during this campaign in violation of Federal Law. Once a Church involves itself in the political process it loses it's tax exempt status. I think IRS is going to come down on these pseudo-ministries and audit them and collect the taxes owed on the monies they received. How many congregations will declare bankruptcy ?

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