If a Donor Has a Fiscal Year of July 1-June

question 40

True/False

If a donor has a fiscal year of July 1-June 30 for income tax purposes, this does not change the normal filing date for Form 709.

---

Definitions:

Free Soil Party

A political party active in the 1840s and 1850s in the United States, which opposed the expansion of slavery into the western territories.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to work without remuneration.

Dred Scott Decision

An 1857 U.S. Supreme Court ruling that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court.