Not-for-Profit Tax Status

timer Asked: Jul 17th, 2013

Question description

Not-for-Profit Tax Status

You and a few friends have
decided to establish a not-for-profit organization in your community to help
provide shelter and food to the homeless and transients. Outline the steps you
would take to obtain tax-exempt status, avoid paying unrelated business income
tax, and so on. Which step(s) would you find most challenging? Why?


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