Which of the following is a not a true statement about tax-exempt organizations?
A) They must be organized to serve the charitable needs of the public at large.
B) They must first become a not-for-profit corporation or charitable trust.
C) They are permitted to do some political lobbying if guidelines are met.
D) Their unrelated business income is taxed at corporate income tax rates.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is a not a true statement about tax-exempt organizations?
A) They must be organized to serve the charitable needs of the public at large.
B) They must first become a not-for-profit corporation or charitable trust.
C) They are permitted to do some political lobbying if guidelines are met.
D) Their unrelated business income is taxed at corporate income tax rates.

Which of the Following Is a Not a True Statement