In deciding whether to recognize the tax-exempt status of a new nonprofit, should the Internal Revenue Service
Question:
In deciding whether to recognize the tax-exempt status of a new nonprofit, should the Internal Revenue Service consider whether or not it will duplicate the services of other, existing organizations in its community? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
In my opinion the IRS should not consider if their approval of an applica...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Nonprofit Management Principles and Practice
ISBN: 978-1483375991
4th edition
Authors: Michael J. Worth
Question Posted:
Students also viewed these Business questions
-
In deciding whether to replace an existing machine with a newer, more cost effective machine, the original cost of the existing machine should be compared to the cost of the new machine. Do you...
-
You are auditing the financial statements for your new client, Paper Pack-aging Corporation, a manufacturer of paper containers, for the year ended March 31, 2014. Paper Packagings previous auditors...
-
In deciding whether to manufacture a part or to buy it from an outside supplier, name a cost that would not be relevant to that short-run decision.
-
Sandra, a sole proprietor, is an interior designer and has thefollowing account balances on December 31, 20X0: Cash $2,500,Inventory $9,000, Equipment $25,000, Accumulated depreciation$5,000, Liabi 2...
-
A heat transfer requires a temperature difference, see chapter 4, to push the Q. What implications do that have for a real heat engine? A refrigerator?
-
At 1 March 2003 Allen's debtors amounted to $12 100. In the year ended 28 February 2004 he received $63 500 from debtors and allowed them cash discounts of $3426. At 28 February 2004 his debtors...
-
The common methods for the computational solution of radiative transport equations are summarized briefly below: 1. The discrete ordinate method 2. The Monte-Carlo method 3. Hottel's zonal method 4....
-
Barnes Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,100 cash for a computer. 3. Purchased $850 of supplies on account. Instructions (a)...
-
You have an outstanding student loan with required payments of $550 per month for the next four years. The interest rate on the loan is 11% APR (compounded monthly). Now that you realize your best...
-
During the fall harvest season in the United States, pumpkins are sold in large quantities at farm stands. Often, instead of weighing the pumpkins prior to sale, the farm stand operator will just...
-
Read The Impact of Capacity-Building Programs on Nonprofits: A Random Assignment Evaluation. What were the results of the Impact Evaluation performed by the authors to assess capacity?
-
If you were a nonprofit CEO and were approached by another nonprofit CEO about the possibility of collaborating, what are some of the first questions you might have?
-
What is the sinking-fund factor? How and why is it used?
-
Consider a ball is tossed up vertically. After reaching a max. height of 3 . 0 m , it falls to the floor. The ball comes to rest exactly 1 . 0 m below its starting position. If x is positive upwards,...
-
Europa Ltd just advertized it will pay a 8 , 5 6 euros dividend per share in the end of the year. Current share price is 7 2 , 6 8 euros. An analyst observes that the dividend had been multiplied by...
-
You can afford to pay $400 each month for a car payment. You've found a 4 year loan at 7% interest. How big of a car loan can you afford to take out? Use the TVM Solver on the TI calculator. Round to...
-
Suppose two bonds have the same price and duration. If YTM changes, the price of the higher convexity bond will be _ _ _ _ _ _ _ _ the price of the lower convexity bond.
-
The simplico gold mine has a great deal of remaining gold deposits, and you are part of a team that is considering leasing the mine from its owners for a period of 1 0 years. Gold can be extracted...
-
Graph each rational function. x2 1 f(x) %3D x2 9
-
What kind of financial pressures can an LBO cause?
-
Explain what market segmentation is.
-
List the types of potential segmenting dimensions, and explain which you would try to apply first, second, and third in a particular situation. If the nature of the situation would affect your...
-
Explain why segmentation efforts based on attempts to divide the mass market using a few demographic dimensions may be very disappointing.
-
The first video I have for your discussion is "Shock and Awe:The Story of Electricity" Part 1 is called "Spark"It runs from 0:00 to about 58 min, on the following link....
-
Find the present value of a 1 0 - year annuity of $ 8 0 0 0 per annum, given the interest rate of 6 % for the first year, 7 % for the second year, 8 % for the third year, 9 % for the fourth year, and...
-
The management accounting team of XYZ plc also came up with some questions and requested you to explain/answer them for the upcoming board meeting: 1. A chain of XYZ plc, BHealthy Ltd is a wholesale...
Study smarter with the SolutionInn App