The organizational test to qualify a public service charitable entity as tax-exempt requires the articles of organization
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Question:
entity as tax-exempt requires the articles of organization to
I. Limit the purpose of the entity to the charitable purpose.
II. State that an information return should be filed annually
with the Internal Revenue Service.
I only.
II only.
Both I and II.
Neither I nor II.
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078025822
17th edition
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
Posted Date: