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A § 501(c)(3) Organization Exchanges Its Membership Lists with Another

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Essay

A § 501(c)(3) organization exchanges its membership lists with another exempt organization. What are the Federal income tax consequences?


Definitions:

Human Gene

A segment of DNA located on a chromosome that is responsible for the physical and inheritable characteristics of a person.

Introns

Non-coding sequences of DNA within a gene that are removed during mRNA processing, leaving only the exons to be translated into protein.

Transgenic Organisms

Organisms whose genomes have been artificially changed by the introduction of a gene from a different species, using techniques of genetic engineering.

Genetically Engineered

Organisms that have had their genetic material altered in a way that does not occur naturally through mating and/or natural recombination.

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