Examlex
Certain § 501(c)(3) exempt organizations are permitted to engage in lobbying activities on an elective, limited basis.
Churches are allowed to make this election.
IRS Method
Techniques and guidelines set by the Internal Revenue Service for calculating and filing taxes.
Depreciation
The method of allocating the cost of a tangible or physical asset over its useful life.
Royalties
Payments made to owners of intellectual property, like patents or copyrights, in exchange for usage rights.
Form 1099-MISC
A document used to report miscellaneous income such as payments made to independent contractors, rent, or awards.
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