Pam works at a non-profit. She told you she was sure the non-profit was a trust and

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Pam works at a non-profit. She told you she was sure the non-profit was a trust and will never have to pay any taxes.

a. Is it possible the non-profit could be a trust?

b. Would you agree that it will never pay taxes? Very briefly explain why or why not.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 23, 2024 08:56 AM

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Pam works at a non-profit. She told you she was sure the non-profit was a trust and

Question:

Expert Answer:

a Its possible for a nonprofit to have trustlike struct... View the full answer

Income Tax Fundamentals 2013

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