Match the following exempt organizations with the statutory authority under which exempt status is granted. The statutory
Question:
Match the following exempt organizations with the statutory authority under which exempt status is granted. The statutory authority may apply to more than one exempt organization.
Exempt Organizations Statutory Authority
Girl Scouts …………………………………….. § 501(c)(1)
Catholic Church ……………………………….. § 501(c)(2)
National Football League (NFL) ………………. § 501(c)(3)
American Red Cross…………………………… § 501(c)(4)
Exempt Organizations Statutory Authority
Salvation Army ……………………………….. § 501(c)(5)
United Fund …………………………………… § 501(c)(6)
Bill and Melinda Gates Foundation …………… § 501(c)(7)
University of Richmond ……………………… § 501(c)(8)
Underwriters Laboratories (UL) ……………… § 501(c)(9)
PGA Tour …………………………………….. § 501(c)(10)
Veterans of Foreign Wars (VFW) ……………. § 501(c)(11)
Dallas Rodeo Club …………………………… § 501(c)(12)
PTA …………………………………………… § 501(c)(13)
Toano Cemetery Association ………………….. § 501(c)(14)
Alpha Chi Omega Sorority ……………………. § 501(c)(15)
Green, Inc., Legal Services Plan ……………… § 501(c)(16)
National Press Club ……………………………. § 501(c)(19)
Federal Deposit Insurance Corporation (FDIC)… § 501(c)(20)
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney