The not-for-profit organization applying for tax-exempt status determines the appropriate subsection under IRC Sec.501 for which it wants to be considered and the Internal Revenue Service then approves or does not approve the application.
Correct Answer:
Verified
Q2: A state has the obligation to monitor
Q8: If a tax-exempt organization dissolves and goes
Q10: A 501(c)(3) organization must provide donors with
Q13: Tax-exempt organizations must complete a Form 990
Q13: Not-for-profit corporations cannot lobby or attempt to
Q15: Only 501(c)(3) organizations receiving at least 50
Q17: Which of the following is a not
Q19: Political parties and campaign committees can qualify
Q22: A good measure of whether a not-for-profit
Q36: The term that means information skewed toward
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents