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An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501(c) for definitions of organizations exempt from state taxation as well. 501(c) organizations can receive unlimited contributions from individuals, corporations, and ...
National Defence Fund is an Indian Government institution, set up in the year 1962 to receive voluntary donations for the promotion and welfare of the members of the Indian Armed Forces (including paramilitary forces) and their dependents.
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A lawyer who represented two women who testified before a House ethics committee said they testified Matt Gaetz paid them for sex, per media reports.
The majority of funding for the Wikimedia Foundation comes from individual donors all around the world. These donations allow the Foundation to provide the world-class technology infrastructure that supports 15 billion monthly views to Wikipedia and its sister projects, protect free knowledge globally through legal and advocacy efforts, and support the incredible volunteer editors who have ...
TikTok will be banned in the United States on Jan. 19, 2025, after a federal appeals court rejected its bid to overturn the ban that President Biden signed in April. The law states that if TikTok ...
The gross value of the gift before tax is £125 (£100 / (100% − 20%)) – this is the amount of money a basic rate taxpayer would need to earn to receive £100.00 after tax. The charity can claim the 20% of basic rate tax (£125 × 20% = £25) that the taxpayer is treated as having paid on the gross value of the gift.