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To satisfy the "not-for-profit" requirement for exempt status, the entity may not be engaged in a trade or business.
Q7: Kunst, a U.S. corporation, generates $100,000 of
Q26: In some states, an S corporation must
Q43: Concerning the penalty for civil tax fraud:<br>A)
Q71: Dividend income from P & G stock
Q74: Evaluate this statement: the audited taxpayer has
Q79: A cash basis calendar year C corporation
Q82: Wonder, Inc., a § 501(c)(3) exempt organization,
Q102: An IRS letter ruling might determine that
Q157: A nonU.S. citizen who holds a "green
Q168: According to the IRS, the annual "Tax