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Originally Posted by JGibson
I'm more interested in how the PGAT is a not-for-profit with tax exemption status.
They just gave billionaire Tiger Woods $35 million dollars this year for their fake PIP program. Player Impact Program.
In total, they handed out over $100 million dollars to 10 players with this program.
I don't know why churches are also tax exempt yet the Vatican is filthy rich.
Heck BLM is a not for profit and the leaders bought multi-million dollar mansions.
The whole IRS agency is a joke and desperately needs an entire overhaul.
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The IRS doesn't make the rules. They didn't create 501(c)(3)s. Congress makes the rules.
And on this subject the IRS needs all the money which was allocated to enforce the rules and collect all the taxes that are due. As long as taxes are being collected we need an agency to collect all the many taxes in force. Wait times are ridiculous. You can't get through on the main line for days. When you do get through it's a 45-90 minute wait. The IRS CPA hot line has the same problem. Though I'm glad I haven't had a client audited in 20 years it shows the lack of audits and the loss of potential income.
Yes there are areas in the IRS that need overhaul. We certainly don't need politicians from either party using the IRS for going after their opponents. Congress needs to pass laws preventing this from happening,