Are Required to File Form 990 by the 15th Day

question 97

True/False

are required to file Form 990 by the 15th day of the 9th month following the organization's taxable year.

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Definitions:

Novation

The act of replacing an existing obligation with a new one, transferring rights and duties from the original party to a new party.

Substitute

A replacement or alternative for someone or something.

Contract

A binding contract between multiple parties that is supported by legal enforcement.

Principal Purpose

The primary or predominant reason for which an activity, agreement, or operation is intended or carried out.