Group Exemption

Group Exemption

A determination by the IRS that several organizations have tax exempt status due to connection to a single, parent non-profit organization. It should be noted that this tax exempt status may be given even before the parent organization has received 501(c)3 status.
Mentioned in ?
References in periodicals archive ?
Student group exemption bills lead to government-funded discrimination and make college campuses less inclusive and more divisive," observed Vanessa Wolbrink, AU legislative assistant, in a blog post.
In a report to the IRS this past summer, the Advisory Committee on Tax Exempt and Government Entities (ACT) recommended that the IRS retain the group exemption process but eliminate group returns and require every chapter or subordinate organization to file their own Form 990.
AB 404: Eliminates requirements for certain tax-exempt entities that are granted a group exemption to apply separately for state exemption,
State and local affiliates may apply for 501(c)(3) status through MTNA's group exemption process.
The charity is not automatically granted tax-exempt status unless the parent organization has a group exemption letter.
6104(d)-3(f) governs subordinate organizations included in a group exemption.
Under the new regulations, a local or subordinate organization that is covered by a group exemption letter and receives a document inspection request, or a request for copies, must make available within a reasonable time (normally not more than two weeks) the group exemption application filed by the central or parent organization.
This new corporation can be formed if the system has a group exemption letter from the IRS allowing subordinate entities to be formed under the parent not-for-profit.
For our leadership, ASCAP music licensing for all MTNA-related events, the Leadership Summit and the IRS group exemption process have been established.
It is the responsibility of the affiliate to certify that all governing documents are in compliance with the MTNA documents, to maintain all requirements if covered under the MTNA 501(c)(3) group exemption, and to carry out the various programs of MTNA.
Vermont revised its constitution and bylaws to gain authorization from the IRS for inclusion on MTNA's Group Exemption Roster, thus gaining 501(c)(3) status.
IRS 501(C)(3) group exemption capability for MTNA affiliates, both local and state

Full browser ?