An Exempt Organization Which Is Subject to Any of the Excise

question 76

True/False

An exempt organization which is subject to any of the excise taxes imposed on private foundations must file Form 4720 (Return of Certain Excise Taxes on Charities and Other Persons).

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Definitions:

Lymph Node

Mass of lymphatic tissue located along the course of a lymphatic vessel.

Specific Antigens

Unique molecules or molecular structures on the surface of pathogens, cells, or tissues that trigger an immune response when detected.

B Cells

A type of white blood cell that matures in bone marrow and is involved in the production of antibodies as part of the adaptive immune response.

Bone Marrow

A soft tissue inside bones where blood cells are produced.