Even Though a Church Is Not Required to Obtain IRS

question 128

True/False

Even though a church is not required to obtain IRS approval of its exempt status, it still annually must file a Form 990.

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Definitions:

Critical Thinking

The ability to objectively analyze and evaluate an issue or situation to form a judgement, by questioning assumptions and identifying biases.

Social Responsibility

Social Responsibility involves businesses and individuals acting in ways that benefit society at large, beyond their own interests or profits.

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.

External Force

Factors outside an organization that can affect its performance or operations, such as market trends, regulatory changes, or economic conditions.