Are there tax advantages associated with the acquisition of a family plot?
There certainly can be. For example, let s us assume that the appraised real estate value of a given plot is $1,000 and the family acquiring the plot contributes $10,000 to the Ethician Church, which might represent the cost savings of avoiding just one modern materialistic funeral and burial, then $9,000 would be a tax-deductible donation to our 501 c 3 church. Please consult your accountant to make sure that you follow current IRS guidelines and procedures. 100% of future contributions would thereafter be tax-deductible. As our Church has no paid staff, jet planes, parsonages or other perks, you can be sure that your contributions are being used to further the work of the Church and its missions.
