Internal Revenue Code: Section 501 (c)

Definition of "Internal revenue code: section 501 (c)"

Gabriel  Tulier real estate agent
Gabriel Tulier, Real Estate Agent RLL Real Estate Group

Portion of the federal tax code that determines which organizations are exempt from federal income taxation. These are generally nonprofit corporations, funds, and foundations for education, religious, charitable, or scientific purposes; civic leagues for general social welfare; fraternal beneficial societies, orders, or associations; and others.

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