Question: To qualify as an exempt organization, a. A written application need not be filed if no applicable official form is provided. b. No employee of
To qualify as an exempt organization,
a. A written application need not be filed if no applicable official form is provided.
b. No employee of the organization is permitted to receive compensation in excess of $100,000 per year.
c. The applicant must be of a type specifically identified as one of the classes upon which exemption is conferred by the Code.
d. The organization is prohibited from issuing capital stock.
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