An Exempt Organization That Is Eligible to Elect Under §

question 119

True/False

An exempt organization that is eligible to elect under § 501(h) to engage in lobbying activities on a limited basis incurs no tax liability from lobbying, if the lobbying expenditures for the tax year do not exceed the lobbying expenditures ceiling.

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Definitions:

Honest Disagreement

A situation where individuals openly express differing opinions or viewpoints without deceit or malice.

Work

A task or series of tasks performed to fulfill a duty, role, or job, often in exchange for compensation.

Combination

The act of combining two or more elements to form a whole.

Good Questions

Questions designed to elicit informative, thoughtful, or creative answers.