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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:
Most of the day care center's funding must come from fees received for day care services. [138] The day care center must also provide child care services to the general public. [136] The tax exemption for certain day care centers was part of the Deficit Reduction Act of 1984. [137]
BAE Systems – Resumed political donations in March 2021 [8] Bank of America – Halted all political donations for further review [1] Best Buy [9] BlackRock – Halted all political donations for further review [5] Blue Cross Blue Shield Association [5] [6] Boeing – Resumed political donations in May 2021 [10]
Two major kinds of such donations deserve specific consideration, charitable as well as political donations. According to a 2020 study of large United States–based corporations, "6.3 percent of corporate charitable giving may be politically motivated, an amount 2.5 times larger than annual PAC contributions and 35 percent of federal lobbying.
Nick Jonas has sparked backlash on social media for seemingly showing support for Tesla CEO and X owner Elon Musk in a recent post.
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 ...
Federal deductions for most meals and entertainment costs are limited to 50% of the costs (with an exception for tax year 2021, allowing a 100% deduction for meals purchased in a restaurant). Costs of starting a business (sometimes called pre-operating costs) are deductible ratably over 60 months.
She was admitted to the hospital on Dec. 12, 2019, then released on New Year's Day. During her stay, in addition to complete organ failure, she was given a pericardial window – a type of surgery ...