To be considered tax-exempt for federal income tax purposes, a corporation must

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To be considered tax-exempt for federal income tax purposes, a corporation must file an application for tax-exempt status with the Internal Revenue Service (IRS) pursuant to Internal Revenue Code (IRC) § 501(c). This is a formal process that requires detailed information about the organization's structure, purpose, and activities to ensure they meet the criteria for tax exemption.

To Be Considered Tax-Exempt for Federal Income Tax Purposes, a Corporation