Whistleblower reports Mormon Church has amassed a $100 billion tax-free fund
by Mark Frauenfelder from on (#4WNPJ)
The Church of Jesus Christ of Latter-day Saints has amassed $100 billion in tax-free funds that should have gone to charitable causes, according to a whistleblower who alerted the IRS, reports The Washington Post.
The confidential document, received by the IRS on Nov. 21, accuses church leaders of misleading members - and possibly breaching federal tax rules - by stockpiling their surplus donations instead of using them for charitable works. It also accuses church leaders of using the tax-exempt donations to prop up a pair of businesses.
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