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re: A $200,000. Church donation...
Posted on 11/11/10 at 1:16 pm to Ray Ray Rodman
Posted on 11/11/10 at 1:16 pm to Ray Ray Rodman
quote:
But IF the money never left the churchs hands and was used for improvements or whatever, it was used to laundry or siphon anywhere.
It was a $200,000. church donation, that the church used.
Yeah, but I think it has something to do with the city wanting to condemn the place. There was a long thread on this a few days ago.
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Posted on 11/11/10 at 1:19 pm to LSUdm21
Form 8300: If a church receives $10,000 or more in cash (lump sum), it would need to be reported.
Posted on 11/11/10 at 1:19 pm to PuntBamaPunt
if it can be proven through witnesses and evidence that this was a favor in return for newton i don't see how it being a church or charity.
Posted on 11/11/10 at 1:20 pm to GenericHogFan
quote:
It actually is. A church is not required to file a 501(c)(3). They are granted it automatically. They are only required to report unrelated business revenue.
That is correct, however I believe the point was that a church is never answerable to the IRS. That is wrong. The IRS can always investigate if a church is actually a "Church" by IRS definition to determine if it is tax exempt (believe me - I have seen it happen).
This post was edited on 11/11/10 at 1:21 pm
Posted on 11/11/10 at 1:20 pm to Ray Ray Rodman
quote:
I guess the IRS could become involved too
quote:
Not with a church or church donation.
Posted on 11/11/10 at 1:22 pm to beaver
quote:
theenemy...is that absolutely true?
He has it mixed up... no it's not true
Posted on 11/11/10 at 1:23 pm to Vols22
quote:
Form 8300: If a church receives $10,000 or more in cash (lump sum), it would need to be reported.
And from what is being reported this particular church was in bad shape financially. Then all of a sudden Cam's dad "finds" the money from somewhere. Yeah, the IRS is going to want to know about that.
Posted on 11/11/10 at 1:23 pm to Ray Ray Rodman
What the money was used for isn't as much of a worry as why the money was given. If the money was conditioned on something that has nothing to do with the church there are problems.
Posted on 11/11/10 at 1:25 pm to GenericHogFan
THIS IS WHY WE NEED CPA DAMMIT!!!!!!!
Posted on 11/11/10 at 1:25 pm to Ray Ray Rodman
quote:he doesnt have to do anything with the ncaa. the problem is if he plays like that cam is not going to be eligible even if there wasn't wrong doing. not working with the ncaa is a pretty good reason to believe something isn't right.
I mean in reference to turning over any info to the NCAA or the donation being evidence of any wrong doing. He doesnt have to say who it came from in regards to the NCAA.
Posted on 11/11/10 at 1:29 pm to dreaux
quote:
if it can be proven through witnesses and evidence that this was a favor in return for newton i don't see how it being a church or charity.
The only thing that would need to be proven is the person/booster who gave the donation did not have a prior relationship and history of giving to that church. No prior history before the recruitment = case closed and AU in deep *&$#.
Posted on 11/11/10 at 1:29 pm to heartbreakTiger
Wonder how many UF alums/boosters donated to the Bob Tebow Evangelistic Association? I don't care, just asking questions.
Posted on 11/11/10 at 1:30 pm to Ray Ray Rodman
FBI can.
Posted on 11/11/10 at 1:31 pm to Ray Ray Rodman
weren't there some similar suspicions and speculation back in 2005 or 2006 about Marcus Tillman going to Ole Miss over LSU and supposedly his step daddy's choich got some rather sizable donations from some kind-hearted Ole Miss supporters ?
Posted on 11/11/10 at 1:32 pm to LSUdm21
quote:
Form 8300: If a church receives $10,000 or more in cash (lump sum), it would need to be reported.
Ahh, didn't know about that one. I was just looking at:
"Congress has imposed special limitations, found in IRC section 7611, on how and when the IRS may conduct civil tax inquiries and examinations of churches. The IRS may only initiate a church tax inquiry if an appropriate high-level Treasury Department official reasonably believes, based on a written statement of the facts and circumstances, that the organization: (a) may not qualify for the exemption; or (b) may not be paying tax on an unrelated business or other taxable activity."
Posted on 11/11/10 at 1:34 pm to beaver
im starting to feel like Auburn fans with this Cam saga....
MAKE IT STOP ALREADY
MAKE IT STOP ALREADY
Posted on 11/11/10 at 1:34 pm to theenemy
quote:
how and when the IRS may conduct civil tax inquiries and examinations of churches
This is about tax inquiries. FBI has much broader authority when looking at financial records.
Posted on 11/11/10 at 1:35 pm to MCSquared16
quote:
FBI is involved and if anything is found, I guess the IRS could become involved too. More judicial power than just the NCAA involved here
Do you really think the FBI is investigating to see if Auburn paid Cam Newton? The FBI doesn't ,just after a week, decide to investigate a NCAA pay for play allegation. This is part of an ongoing FBI investigation involving agents. It is pretty obvious that the FBI wants to talk to Bond about an agent which in this case is Rogers. Regardless of if you believe Auburn paid Newton or not at least give us enough credit that we wouldn't arrange a payment through Rogers when there are plenty of other options seeing as Auburn is in Georgia. The FBI may want to talk to the Newtons but they aren't going to be asking about anything other than their involvement with Rogers. The Newtons obviously didn't get any money from Rogers so I'm not sure why they would care about their financial records.
Posted on 11/11/10 at 1:36 pm to Ray Ray Rodman
quote:
Ray Ray Rodman
It would be different if the church actually had a congregation. But it didn't. And doesn't.
Posted on 11/11/10 at 1:38 pm to theenemy
quote:
A church is not required to file a 501(c)(3). They are granted it automatically. They are only required to report unrelated business revenue.
The only reason a church needs to file a 501(c)(3) is for the person who is donating the money to be able to claim the donation on their personal taxes.
The only thing the IRS is allowed to look at churches for is:
1) Are they meeting the requirements to be categorized as a church, or
2) Are they reporting all unrelated business revenue.
LINK This refers to the church as Holy Zion Center of Deliverance Inc. Does that change anything?
This post was edited on 11/11/10 at 1:39 pm
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