IRS revokes tax-exempt status of North Carolina NAACP

  

Category:  News & Politics

Via:  magicschoolbusdropout  •  3 months ago  •  11 comments

IRS revokes tax-exempt status of North Carolina NAACP
The Internal Revenue Service stripped the civil rights organization's state chapter of its tax-exempt status May 15

OUCH !

Wait until all those 87,000 Newly funded employee's get involved with IRS dealings.

This is just the tip of the iceberg!

A Good thing, or a Bad Thing ?

256


S E E D E D   C O N T E N T



R ALEIGH, N.C. (AP) — North Carolina's influential state chapter of the NAACP has lost its federal tax-exempt status for failing to file tax returns for three years, according to the federal government.

The Internal Revenue Service stripped the civil rights organization's state chapter of its tax-exempt status May 15 under a process that automatically revokes the designation for nonprofits that fail to file federal tax returns for three consecutive years, according to  a post on the IRS site . The status change was made public this month.

The state chapter has been a prominent voice in decrying the policies of the state's Republican-controlled legislature, including challenging voter access laws in recent years. Earlier this month, the civil rights group  scored a victory  when the state Supreme Court ruled a lower court must consider nullifying a voter ID mandate approved by citizens in 2018.

The loss of federal tax-exempt status was first reported by  The News & Observer  in Raleigh. The newspaper reports that experts on charitable giving say losing the status could hinder fundraising efforts and potentially drain the organization's resources through taxes on donations and fines.


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magicschoolbusdropout
Sophomore Principal
1  seeder  magicschoolbusdropout    3 months ago

Should MORE FOLKS than we thought, be worried about this new expansion of the IRS ?

Hmmmmmm...............

256

 
 
 
Split Personality
Professor Principal
1.1  Split Personality  replied to  magicschoolbusdropout @1    3 months ago
worried about this new expansion of the IRS ?

Nothing in the article about IRS expansion...

As far as a business, especially a 501c not filing their taxes,

they get what they deserve according to the law.

When they file back taxes, maybe they will get their exempt status back, maybe not, at least not right away.

I guess Derrick Johnson will be scapegoating someone at their accountants office sooner or later.

They probably deserve it.

 
 
 
magicschoolbusdropout
Sophomore Principal
1.1.1  seeder  magicschoolbusdropout  replied to  Split Personality @1.1    3 months ago
When they file back taxes, maybe they will get their exempt status back, maybe not

So sure of yourself !

They probably deserve it.

But it's the NAACP....the Fighters for Righteousness !  Shouldn't they get a break when there is a little oversite on their part ?

 
 
 
Split Personality
Professor Principal
1.1.2  Split Personality  replied to  magicschoolbusdropout @1.1.1    3 months ago
Shouldn't they get a break when there is a little oversite on their part ?

Nope.

 
 
 
magicschoolbusdropout
Sophomore Principal
1.1.3  seeder  magicschoolbusdropout  replied to  Split Personality @1.1.2    3 months ago
Nope.

hmmmmmm.

 
 
 
Split Personality
Professor Principal
2  Split Personality    3 months ago
OUCH !

Be more careful?

Wait until all those 87,000 Newly funded employee's get involved with IRS dealings.

Well you will be waiting ten years before the they are all hired, meanwhile 50,000 are expected to retire

during the same ten year period.

This is just the tip of the iceberg!

Stange analogy.

A Good thing, or a Bad Thing ?

maybe, maybe not ?

 
 
 
magicschoolbusdropout
Sophomore Principal
2.1  seeder  magicschoolbusdropout  replied to  Split Personality @2    3 months ago
maybe, maybe not ?

Like me....you don't know either ?

This is just the tip of the iceberg!

Why is that a Strange thing to you ?

meanwhile 50,000 are expected to retire during the same ten year period.

Who says....the IRS ?

IRS = Keep 'em guessing !

 
 
 
Split Personality
Professor Principal
2.1.1  Split Personality  replied to  magicschoolbusdropout @2.1    3 months ago
Who says....the IRS ?

Yes, and FERS. 

Although some of it is an educated guess, the minimum age for retirement is 57

and it's easy enough for the IRS to identify how many employees will reach 57 in the next 

ten years.  95% of them will retire.

 
 
 
magicschoolbusdropout
Sophomore Principal
2.1.2  seeder  magicschoolbusdropout  replied to  Split Personality @2.1.1    3 months ago
Although some of it is an educated guess

Again....You don't know....and put your trust in what the IRS Says.

Got it !

 
 
 
Split Personality
Professor Principal
2.1.3  Split Personality  replied to  magicschoolbusdropout @2.1.2    3 months ago

I speak from first hand experience.

You?

 
 
 
magicschoolbusdropout
Sophomore Principal
2.1.4  seeder  magicschoolbusdropout  replied to  Split Personality @2.1.3    3 months ago
You?

Yes !

 
 

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