Which of the following is identified as an area(s) of concern by the IRS with respect to tax-exempt organizations? A. Cost allocations. B. Excess executive compensation. C. Organization...
Which of the following is identified as an area(s) of concern by the IRS with respect to tax-exempt organizations?
| A. |
Cost allocations. |
|
| B. |
Excess executive compensation. |
|
| C. |
Organizations operating out of their tax-exempt purpose. |
|
| D. |
All of the above. |
Homework Answers
Answer is C. Oranisation operating out of their Tax-exempt purpose.
Explanation:
The main concern for IRS is that the organisations are running the purpose different from the one for which the exemption has been granted for that specific purpose to be carried out.
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