Non-Profit Loss of Tax Exemption
There is a specific exemption in the IRS code that many people do not know about, stating that churches do not need to have a letter ruling in order to be tax-exempt. However, a non-profit group that is not a church, must have a letter ruling from the IRS, and if that letter ruling is taken away, the group will lose it's tax-exempt status.
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2008-03-17T00:00:00
There is a specific exemption in the IRS code that many people do not know about, stating that churches do not need to have a letter ruling in order to be tax-exempt. However, a non-profit group that is not a church, must have a letter ruling from the IRS, and if that letter ruling is taken away, the group will lose it's tax-exempt status.
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