While tax-exempt entities are indeed generally exempt from paying Federal income tax, they must operate in ways that guarantee that they remain in compliance with tax laws governing their tax-exempt status. List and explain steps tax-exempt entities must take to protect their tax-exempt status.
While tax-exempt entities are indeed generally exempt from paying Federal income tax, they must operate in ways that guarantee that they remain in compliance with tax laws governing their tax-exempt status. List and explain steps tax-exempt entities must take to protect their tax-exempt status.
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Transcribed Image Text:While tax-exempt entities are indeed generally exempt from paying Federal income tax,
they must operate in ways that guarantee that they remain in compliance with tax laws
governing their tax-exempt status. List and explain steps tax-exempt entities must take to
protect their tax-exempt status.
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