If an organization qualifies for exempt status for Federal income tax purposes, it is exempt from all Federal income taxes.

Name: If an organization qualifies for exempt status for Federal income tax purposes, it is exempt from all Federal income taxes.
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An organization with exempt status is generally exempt from federal income taxes on income related to its exempt purposes, but it may still be subject to taxes on unrelated business income or other specific taxes.

If an Organization Qualifies for Exempt Status for Federal Income