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What is a major difference between a 501(c)(3) tax-exempt organization and a 501(c)(7) tax-exempt organization? What are the unique characteristics between a public charity and

What is a major difference between a 501(c)(3) tax-exempt organization and a 501(c)(7) tax-exempt organization? What are the unique characteristics between a public charity and a private foundation? Why do these differences result in different federal reporting requirements?

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