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Why do some Incorporate???

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#19

06-23-2011, 11:17 AM

Senusret I Senusret I is offline

GreekChat Member

Join Date: Dec 2001

Posts: 12,783

Quote:

Originally Posted by MysticCat

The bottom line is that 501(c)(7) orgs are tax-exempt within the meaning of the Internal Revenue Code. As with any tax-exempt organization under any provision of the IRC, there may be limits or exceptions to that general tax exempt status.

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