Tax Exempt Letter Ruling

Tax Exempt Letter Ruling

In order for a non-profit group (that is not a church) to become tax exempt, they must submit a request to the IRS, and obtain a letter ruling. With this letter ruling, the non-profit group does not have to pay taxes on the income of their group, and donations to the organization can be used as tax deductions. However, if the IRS decides that the rules to this have been broken, then the letter, and status, can be taken away. Yet if a church chooses to get a letter ruling, and they break the rules of it set by the IRS, the letter will be taken away, but the church will remain tax-exempt.

Suggested For You


Christian Podcasts


Related Videos