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  2. Group Exemption Letter - Wikipedia

    en.wikipedia.org/wiki/Group_Exemption_Letter

    According to the IRS, a Group Exemption Letter is a ruling or determination letter that is issued to a central organization recognizing, on a group basis, the exemption from Federal income tax under 26 U.S.C. § 501(c) of subordinate organizations on whose behalf the central organization has applied for recognition of exemption.

  3. Non-profit organization laws in the U.S. - Wikipedia

    en.wikipedia.org/wiki/Non-profit_organization...

    The steps required to become a nonprofit include applying for tax-exempt status. If States do not require the "determination letter" from the IRS to grant non-profit tax exemption to organizations, on a State level, claiming non-profit status without that Federal approval, then they have actually violated Federal United States Nonprofit Laws.

  4. Form 990 - Wikipedia

    en.wikipedia.org/wiki/Form_990

    The IRS has indicated it will use the Form 990 as an enforcement tool, particularly regarding executive compensation. For example, nonprofits that adopt specific procedures regarding executive compensation have a safe harbor from excessive-compensation rules under section 4958 of the Internal Revenue Code and Treasury Regulation section 53.4958 ...

  5. 501 (c) organization - Wikipedia

    en.wikipedia.org/wiki/501(c)_organization

    The predecessor of IRC 501(c)(6) was enacted as part of the Revenue Act of 1913 [88] likely due to a U.S. Chamber of Commerce request for an exemption for nonprofit "civic" and "commercial" organizations, which resulted in IRC 501(c)(4) for nonprofit "civic" organizations and IRC 501(c)(6) for nonprofit "commercially-oriented" organizations. [77]

  6. United States Senate inquiry into the tax-exempt status of ...

    en.wikipedia.org/wiki/United_States_Senate...

    The message also quoted an October 10, 2007, letter from the Internal Revenue Service which stated, "We determined that you [Joyce Meyer Ministries] continue to qualify as an organization exempt from federal income tax under IRC section 501(c)(3)." The same information was also posted to the ministry website.

  7. New York Times: Trump could owe more than $100 million in ...

    www.aol.com/trump-could-owe-more-100-174807971.html

    Former President Donald Trump could owe more than $100 million in taxes as a result of a yearslong Internal Revenue Service inquiry into claims of huge losses on his Chicago skyscraper, The New ...

  8. Child Tax Credit: IRS Issues Important Reminder and 4 More ...

    www.aol.com/child-tax-credit-irs-issues...

    3 Tax Credits Return to Pre-Pandemic Levels, Meaning Refunds Will Be Lower for Many Those who received $3,600 per dependent in 2021 for the Child Tax Credit will, if eligible, get $2,000 for the ...

  9. Commissioner of Internal Revenue - Wikipedia

    en.wikipedia.org/wiki/Commissioner_of_Internal...

    The Commissioner's duties include administering, managing, conducting, directing, and supervising "the execution and application of the internal revenue laws or related statutes and tax conventions to which the United States is a party" and advising the President on the appointment and removal of a Chief Counsel of the IRS.