Tax-exempt organizations : organizational and operational requirements /

"... describes the operation of organizations exempt from federal income taxation under the Internal Revenue Code of 1986, as amended. Tax-exempt organizations are required to meet both the Organizational Test and the Operational Test in order to qualify for tax-exempt status. This Portfolio e...

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Bibliographic Details
Main Author: Beckwith, Edward J
Corporate Authors: Tax Management Inc, Bloomberg BNA
Other Authors: Culbertson, Edward J
Format: Online Book
Language:English
Published: Arlington, VA : Tax Management Inc., 2019-
Series:Tax management portfolios ; 450-2nd
Subjects:
Online Access:https://www.bloomberglaw.com/product/tax/citation/tm%20451
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Description
Summary:"... describes the operation of organizations exempt from federal income taxation under the Internal Revenue Code of 1986, as amended. Tax-exempt organizations are required to meet both the Organizational Test and the Operational Test in order to qualify for tax-exempt status. This Portfolio emphasizes the Operational Test. There is much overlap in the Organizational Test and the Operational Test so readers should be careful to consult both this Portfolio and its companion, Tax Management Portfolio No. 450, Tax-Exempt Organizations: Operational Requirements. Because [section] 501(c)(3) organizations dominate the tax-exempt community, the Portfolio concentrates on the operational aspects of those organizations."
Item Description:Kept up to date by replacement pages
"This portfolio revises and supersedes 450 and 451 T.M."
"Bloomberg BNA"--Cover
Physical Description:v. (loose-leaf) : forms ; 28 cm
Publication Frequency:Updated irregularly
Bibliography:Includes bibliographical references
ISBN:9781633593091
1633593096