Rabbis can now endorse political candidates. But will they?
A new IRS policy lets clergy back political figures without losing tax-exempt status — but many Jewish leaders say politics doesn’t belong in the pulpit
Internal Revenue Service
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Fast Forward IRS says religious institutions may endorse candidates, undoing a longstanding ban
The Johnson Amendment does not apply to houses of worship speaking to their congregations, the agency has ruled
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Fast Forward Did Michael Cohen Tell IRS About Stormy Payoff? If Not, He’s In Big Trouble
Michael Cohen’s $130,000 payoff to porn star Stormy Daniels to quiet her story about an alleged affair with President Trump may have constituted tax fraud if he didn’t report the payment to the Internal Revenue Service, a former IRS investigator wrote in The Daily Beast on Wednesday. Martin Sheil, who retired as a branch chief…
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Fast Forward IRS Strips Tax-Exempt Status From Richard Spencer’s ‘Alt-Right’ Think Tank
The nonprofit run by white nationalist Richard Spencer has lost its tax-exempt status for failing to file tax returns with the federal government, the Los Angeles Times reported on Monday. “I don’t know what to say. I don’t want to make a comment because I don’t understand this stuff,” Spencer told the Los Angeles Times….
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Fast Forward Z Street Gets Green Light for Israel Bias Case
An appeals court upheld a lower court’s ruling that a lawsuit challenging the Internal Revenue Service’s scrutiny of Israel-related groups may proceed. The U.S. Court of Appeals for the District of Columbia on June 19 ruled against the government’s argument that Z Street’s 2010 lawsuit should be dismissed under laws banning lawsuits that seek to…
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Fast Forward Z Street Can Sue IRS, Federal Judge Rules
A federal judge ruled that a lawsuit challenging the Internal Revenue Service’s scrutiny of Israel-related groups may proceed. Judge Ketanji Brown Jackson of the U.S. District Court in Washington D.C. on May 27 dismissed U.S. government claims that federal courts lack jurisdiction over the lawsuit filed in 2010 by an Israel advocacy group, Z Street….
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Israel News IRS Is Coming for American Tax Evaders in Israel
Israel may still be a safe haven for Jews around the world, but it is no longer their tax shelter. Thanks to a new agreement signed on May 1, Israel will turn over to the U.S. Internal Revenue Service information on all American citizens holding accounts in Israeli banks. As a result, Americans trying to…
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Fast Forward U.S., Israel Reach Tax Information-Sharing Agreement to Combat Tax Dodging
Israel has become the latest country to reach a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, a U.S. Treasury Department spokesperson said on Thursday. Set to take effect on July 1, the Foreign Account Tax Compliance Act of 2010 (FATCA) will require foreign…
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