IRS. a. Indicate whether the following statements are True or False regarding the reporting responsibilities Abby Sue
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IRS. a. Indicate whether the following statements are "True" or "False" regarding the reporting responsibilities Abby Sue might have as church treasurer.
1.) Filing Form 1023 [Application for Recognition of Exemption under § 501(c) (3)] is recommended.
2.) Filing an annual information return is required for most exempt organizations.
3.) Filing Form 990-T (Exempt Organization Business Income Tax Return) is required for most exempt organizations.
4.) Filing Form 1120 (Return for Corporations) is required.
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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