Examlex
One disadvantage of corporations is the double taxation of income to the owners.
Nonprofits
Organizations that operate primarily for a public or social benefit rather than for the profit of private owners or shareholders.
Critical Role
An essential position or function within an organization that is fundamental to its operation or success.
Revenue Ruling 2007-41
A guideline issued by the IRS regarding the political activity limitations of tax-exempt organizations under section 501(c)(3) of the Internal Revenue Code.
Internal Revenue Service
The U.S. federal agency responsible for tax collection and tax law enforcement.
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