_______ are the only form of legal corporation that can seek 501(c)(3)from the IRS which permits donations to the organization and considered as tax deductible to the donor.
A) C corporations
B) Corporations
C) An S corporation
D) Nonprofit corporations

Question

Quizplus · Accepted Answer

Nonprofit corporations are the only form of legal corporation that can seek 501(c)(3) status from the IRS, which permits donations to the organization and considered as tax-deductible to the donor. C corporations, corporations, and S corporations are all for-profit forms of corporations that cannot seek 501(c)(3) status.

_______ Are the Only Form of Legal Corporation That Can