Which is most likely to be the specific tax-exempt status

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Problem 1: Which of these forms must most tax-exempt organizations file annually with the Internal Revenue Service?

Multiple Choice

Option 1: 990
Option 2: 1203
Option 3: 501
Option 4: 501(c)(3)

Problem 2: Belwood College is a private not-for-profit institution that has tax-exempt status. Which of the following is most likely to be the specific tax-exempt status that Belwood College holds?

Multiple Choice

Option 1: 501(c)(3)
Option 2: 501(c)(4)
Option 3: 501(c)(5)
Option 4: 501(c)(6)

Reference no: EM132949059

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