Advantages of a 508(c)(1)(a)

The Faith Based Organization (FBO) was once a strong influence in our nation and can be again.  Every FBO should be free to worship and preach without restriction by government.  Something can’t be true and false.  Either the FBO has the right to free speech or it does not. Take time to review the law , and court cases related , to better understand the rights and benefits of the 508(c)(1)(a) FBO.

The advantages of being 508(c)(1)(a) FBO include rights guaranteed under Federal Law 26 U.S.C. §  6033(a)(3(a):

1. Tax Exempt, and can give tax deductible receipts for donations.
2. Freedom of Speech, including, but not limited to, politics, referendums, initiatives, and candidates.
3. Mandatory Excepted from reporting (does not file a tax return),
4. Mandatory Excepted from “rendering under oath such statements, make such other returns, and comply with such rules and regulations as the Secretary (IRS) may from time to time prescribe”.
5. Created in 1954 through Johnson Amendment
6. Apply using form 1023
7. If approved from IRS
8. Determination letter issued
9. Tax exempt
10. Reporting using form 990
11. Donations tax deductible
12. All IRS docs open to public
13. Restricted speech • Identified in 1986 IRS code
14. No application to IRS required
15. No determination letter issued
16. Non reporting
17. Tax exempt
18. Donations tax deductible
19. Free speech