Word: tax-exempt
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...very troubling that so many of these hospitals receive tax-exempt status and can still impose their teachings on patients. You asked if it is fair for a Catholic hospital to impose its morals on patients. The answer is no. PEG VINES Wichita, Kans...
...your car away to for-profit companies that team up with or pose as charities. Red flags include handing the car over to someone with no visible ties to the charity, i.e., Joe's Wrecker Service, or being asked to leave the new title blank. Check the group's tax-exempt status on www.irs.ustreas.gov and get a receipt. The IRS is also nailing those who overstate the value of their cars, so keep a photo or mileage record in case the deduction is contested...
...writing off donations to charities that agree to use the money to buy life insurance for the donors and later split the benefits with their heirs. No longer. The IRS may subject taxpayers who use such a "charitable split trust" to a 20% underpayment penalty and may yank the tax-exempt status of participating charities...
CHRISTIAN COALITION Denied tax-exempt status owing to political activity. Time to render unto Caesar what is Caesar...
...Harvard's tax-exempt status--a privilege of being an educational institution that the University makes up for with massive "gifts" to Cambridge and Boston--has also been a sticking point recently with some local politicians...