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2019-12-19 Olde Tyme Religion

Mormon Church misled members on tax-exempt investment fund, whistleblower claims

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Posted by Skidmark 2019-12-19 00:00|| || Front Page|| [12 views ] Top

#1 and possibly breaching federal tax rules — by stockpiling their surplus donations instead of using them for charitable works.
Sounds like the Tax Exempt Endowment Funds for big universities...

Posted by magpie 2019-12-19 11:50|| 2019-12-19 11:50|| Front Page Top

#2 The rules for university endowments was just adjusted to include new taxes.

In addition to 100 billion in investments there is an additional 24 billion in real estate.

Lastly the whistleblower in tax situations get a portion of the recovery. It will take many years but this guy could get 100’s of millions

Posted by Airandee 2019-12-19 12:10|| 2019-12-19 12:10|| Front Page Top

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