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LDS Church fund unlikely to face IRS backlash, experts say

Posted at 7:32 AM, Dec 20, 2019
and last updated 2019-12-20 16:29:22-05

SALT LAKE CITY – The Salt Lake Tribune says the Mormon world was rocked Monday when news broke that a whistleblower had accused The Church of Jesus Christ of Latter-day Saints of misleading members regarding more than $100 billion retained in accounts accumulated from tithing.

But despite ample hand-wringing, legal experts are skeptical the news will trigger a backlash from the IRS, and they note that the LDS Church’s tradition of aggressive saving dates back decades.

Read the full story at The Salt Lake Tribune.