Transcript of OA344: Did the Mormon Church Really Hide $100 Billion in Assets From the IRS? (Feat. Bryce Blakenagel)

Listen to the episode and read the show notes

Topics of Discussion

[Show Intro]

Thomas:         Hello and welcome to Opening Arguments, this is episode 344, I’m Thomas, that’s Andrew.  How’re you doing, Andrew?

Andrew:         I am fantastic, Thomas!  How are you?

Thomas:         Doin’ great.  I am very excited to have our good friend, Bryce Blankenagel on the show from the various incendiary Mormon podcasts, ex-mormon podcasts, the Glass Box podcast and Naked Mormonism.  So excited to get to that because it’s possible that the Mormon church is hiding $100 billion in taxable assets?

Andrew:         I read this article in the Washington Post, I looked at it and I was like [Stammers] somebody – journalists are as bad with numbers as they are with the law.  It has to mean they’re hiding $100 million, right?

Thomas:         Which still would be insane, by the way.

Andrew:         Right, which if you have $100 million that you would like-

Thomas:!  [Laughs]  

Andrew:         Head on over to [Laughs]  We will not tell!  No, this story is amazing and I love the we have Bryce here to explain the facts, he knows some of the inner workings and I’m gonna get a chance to delve into arcane provisions in the tax law, which just – that’s like throwin’ a yule log on the fire over here at-

Continue reading “Transcript of OA344: Did the Mormon Church Really Hide $100 Billion in Assets From the IRS? (Feat. Bryce Blakenagel)”

OA344: Did the Mormon Church Really Hide $100 Billion in Assets From the IRS? (Feat. Bryce Blankenagel)

Today’s episode combines a deep dive into the IRS’s tax exemptions with some breaking news about allegations made by a whistleblower that the Church of Jesus Christ of Latter-Day Saints (that is, the Mormon Church) has hidden over $100 billion in assets that should otherwise be taxed. Grab some yarn and pushpins, and we’ll try and disentangle this conspiracy together!

Joining us is the host of the Naked Mormonism and Glass Box podcasts, Bryce Blankenagel, who has first-hand knowledge of some of these events and has done serious work trying to parse through the documents and help us figure out what the mainstream reporting on this story might have missed! Along the way you’ll learn a ton about the various corporate entities owned by the Mormon Church.

After that, we return to a popular #T3BE question involving whether the court can instruct the jury as to one of the elements of a crime. Can Thomas add to his amazing one-question win streak??? Listen and find out!


None! If you’d like to have either of us as a guest on your show, drop us an email at

Show Notes & Links

  1. Click here to read the whistleblower’s 78-page letter to the IRS, and here to watch his 7-minute video summary. NOTE: We do not endorse all of the claims and/or analysis made in that video.
  2. Check out 26 U.S.C. § 501(c)(3) for the statutory provisions regarding non-profits, and here to read the special rules as to when the IRS can investigate or audit a church.

-Support us on Patreon at:

-Follow us on Twitter:  @Openargs

-Facebook:, and don’t forget the OA Facebook Community!

-For show-related questions, check out the Opening Arguments Wiki, which now has its own Twitter feed!  @oawiki

-And finally, remember that you can email us at!

Download Link