C Street house no longer tax exempt

The IRS finally figured out that the fundamentalist flophouse on C Street owned by the secretive Christian group known as "The Family" is a dorm. Until recently, the C Street home for legislators avoided paying property taxes by claiming to be a church.

This is big news, not only because C Street will have to start paying property taxes on its snazzy digs, but also because its new status has transparency implications. If I understand correctly, claiming to be a church also exempted C Street from disclosing financial details that an ordinary non-profit would have to divulge on its publicly accessible tax returns. If it continues to operate as a non-profit, it will have to file 990s like other non-profits.

Comments

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I am not so sure I am ready for what revelation those financial statement will have.

whoring, drugging, corruption, ugh...