Solution-What is amount of specific deduction an exempt

What is amount of specific deduction an exempt organization

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Reference no: EM132599988

Question 1: A taxpayer is required by law to provide the payer's name, address, and tax identification number when reporting which type of interest on their return?

A. Certificate of deposit interest.

B. Frozen deposit.

C. Installment sales.

D. Nominee interest.

Question 2: An exempt organization can be organized as which of the following business entities?

A. A joint venture.

B. A partnership.

C. A sole proprietorship.

D. A trust.

Question 3: What is the amount of the specific deduction an exempt organization is generally permitted on Form 990-T?

A. $100

B. $1,000

C. 2% of gross receipts

D. 5% of gross receipts

Question 4: All 501(c)(3) charities filing Form 990 must include which of the following schedules?

A. Schedule A

B. Schedule B

C. Schedule F

D. Schedule G

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What is amount of specific deduction an exempt organization

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Reference no: EM132599988

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