Not-for-profit organisations must meet specific guidelines in order to obtain tax-exempt status.These guidelines are structured by the
A) board of directors.
B) U.S.Uniform Partnership Act.
C) U.S.Bureau of the Census.
D) Chamber of Commerce.
E) Internal Revenue Service.

Question

Quizplus · Accepted Answer

Not-for-profit organisations must meet specific guidelines set by the Internal Revenue Service (IRS) to obtain tax-exempt status. The IRS oversees the tax laws related to non-profit organisations and provides guidance on the requirements for obtaining and maintaining tax-exempt status.

Not-For-Profit Organisations Must Meet Specific Guidelines in Order to Obtain