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bonnie
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Re: Approved SDA Media Outlet Publishes an Article about the IRS Investigation
« Reply #116 on: Today at 07:49:28 PM »

This really is more idle curiosity,but it still should be able to be answered. With the mere pittance received by DS and LS they had a very expensive hobby, tough to maintain on that pittance. To say nothing of donating some very expensive horses to another ministry.

Been a while since I was on the farm and maybe I have forgotten a few things. Fran or IRSPro should be able to correct me or clarify if I am wrong.

Wouldn't the donation of these two horses have to be donated to the ministry of Lewis? That would mean then Lewis also had a horse business but it was run thru his ministry. Who is Lewis and is he SDA? Can someone tell me why the Sheltons would rely on donations to pay their salary and then donate money or animals to another ministry?
These are not pets, no matter how fond of horses you are.
In order to purchase, breed and sell horses you have to have had them for more that a couple of months. It is not a fast turn around business or hobby.
On this relatively low salary where did the money come from before there was anything to sell?
If you take a look at a few figures it becomes hard to believe this was only a hobby.

94,000.00-roughly 80.00 a month to care for each horse x 15. That alone is almost 15,000.00 Not the purchase but the maintenance. Without grazing land it goes up from there. With grazing land the funds to fence it in would not be cheap. Horses take between 1-2 acres a day for grazing. If you are buying hay I know it has to be up from the 3.00 a bale we paid in the 80"S .
Then donate two of these expensive animals,those purchased out of pocket.
Then all those little incidentals in life
Insurance,home owners and auto and health insurance. Tithe, and I am assuming he pays tithe and offerings, another 10,000.00
Clothing,food, vehicles,the hundred and one things that make up a normal life.

Claiming on personal income tax of 94,000.00, 30,000.00 in charitable giving as would show on the tax form. Church and the anticipated 20,000.00 cash receipt. Without living expenses his personal income would show now at 64,000.00. Then deduct the daily cost and the purchase cost.


So I guess I am still left in the dark. Were the Sheltons audited on their personal income? re the horses considered part of the 3ABN ministry?There was something more than a pittance to set this up.
I personally dn't care what the salary of the Sheltons were, as long as it was clearly stated and they lived with those means in their personal lives

Still find it curious that of the three most vocal and staunchest defenders are now going mute. Not that difficult to answer and you have never cared till this question whether someone believed you or not, so why now??

Breezy wrote:Here is a post from Bonnie on AT. She asks a huge amount of questions about the horses. Here is her long post:

BONNIE, I have the answer to your question. You did say you would believe us right? It never happened. Yes, Danny looked into the horse deal and then consulted with an accountant who let him know that he could not do this. So he didn't. Do I need to repeat myself here? IT NEVER HAPPENED!! Besides, when the IRS checked out Danny, they would have latched onto this one fast. But it never happened.

AND you wonder why no one answers you on AT? Most have been banned and their TRUTHFUL posts removed. When are you going to see Bonnie that you are on the wrong side?

Breezy wrote:Hello Odie:

The only reply I have is that I have said the truth whether you want to believe it or not. You had written over on AdventTalk that you would believe an explanation so I wrote an explanation. It gets tiring saying the same thing over and over again as it has been said before. But it matters not really if you don't believe me because it doesn't alter the truth of what I said. I would invite you to check it out for yourself.