Multiple Choice
Which of the following is not prohibited of organizations receiving tax exempt status under IRS Section 501(c) 3?
A) Earning a profit (increase in net assets) .
B) Endorsing political candidates or attempting to influence legislation.
C) Distributing earnings to the benefit of members or officers.
D) None of the above. All of these are prohibited of Tax Exempt organizations.
Correct Answer:
Verified
Correct Answer:
Verified
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