Thursday, March 25, 2004

JUST IN TIME FOR APRIL 15TH

Have you been looking for that extra deduction as tax day approaches? Here's a tip for you, become a Scientologist:
A trial is to begin [in Los Angeles] on Wednesday morning to determine whether a Jewish couple can deduct the cost of religious education for their five children, a tax benefit they say the federal government has granted to members of just one religion, the Church of Scientology.

The potential ramifications are huge, for a ruling in favor of the couple could affect the millions of Americans who send their children to religious schools of all types. At stake is whether people of all religions can deduct the cost of religious education as a charitable gift, as Scientologists are allowed to do under an officially secret 1993 agreement with the Internal Revenue Service.

Now isn't that handy? The 'Church' of Scientology and the lovely folks at the IRS have successfully quashed any attempts to see their decade old secret agreement. The details of this one should be interesting. I can't think of a better suited pair, really.

No comments: