Tuesday, July 21, 2015

Section 501(c)(7) Requires Individual, not Corporate, Members for Exempt Status

Originally published by Nonprofit Blogger.

As reported by the Daily Tax Report, a tax law specialist in the IRS’s Exempt Organizations office commented in a recent IRS webcast that social clubs must have individual, not corporate, members to qualify for tax-exempt status under Section 501(c)(7)….

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.



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