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PLEASE HELP, THANKS IN ADVANCE ALL THE MASTERS Q1 All of the following are domestic organizations with gross receipts that have not exceeded $50,000 in

PLEASE HELP, THANKS IN ADVANCE ALL THE MASTERS

Q1

All of the following are domestic organizations with gross receipts that have not exceeded $50,000 in the last three years and are not expected to exceed $50,000 in the next three years. In addition, all have total assets valued at $250,000 or less. Which may be eligible to use Form 1023-EZ to apply for exempt status?

A Youth in Action, LLC, a recreational baseball league. 1 THUMB DOWN

B The Edgar Tinsdale Trust, a private nonoperating foundation. 1ST CHOICE

C Mercy Hospital.

D Temple Beth El Shalom.

Q2

All of the following exempt organizations have annual gross receipts of $200,000 or more. Which is required to file Form 990, Return of Organization Exempt from Income Tax?

A The Federal Deposit Insurance Corporation (FDIC), an instrumentality of the United States government.

B The Adam Winchester Foundation, a private operating foundation.

C George Myers University, an accredited private university. 1ST CHOICE

D Hope Church.

PLEASE CHECK MY ANSWERS THANKS

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