While Engaging in a Prohibited Transaction Can Result in an Exempt

question 85

True/False

While engaging in a prohibited transaction can result in an exempt organization being subject to tax,it will not result in an exempt organization losing its exempt status.

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Definitions:

Luigi Galvani

An 18th-century Italian physician and scientist known for his discovery of bioelectricity, especially in the context of muscle movement.

Gustave Fritsch

A nineteenth-century neuroscientist known for his pioneering work on the electrical stimulation of the brain.

Roberts Bartholow

A 19th-century American physician known for his pioneering work in neurology and for an ethical controversy in medically experimenting with electrical stimulation on a human subject's exposed brain.

Axon

Root, or single fiber, of a neuron that carries messages to other neurons.