According to the IRS, Tax Savings Cannot Be the Only

question 159

True/False

According to the IRS, tax savings cannot be the only reason for a merger.

---

Definitions:

501(c)(3) Nonprofit

A classification by the IRS for non-profit organizations that are exempt from federal income tax, typically charitable, religious, educational, or scientific organizations.

Health-Care Facility

A place that provides health care services, such as hospitals, clinics, outpatient care centers, and specialized care centers.

Internal Communications

The practice of effectively disseminating information, sharing ideas, and fostering dialogue within an organization.

National School Public Relations Association

A professional organization dedicated to supporting education communications and public relations professionals for schools.