Which of the following is not true of Tax-exempt Entities having 501(c) (3) status?
A. Donors to the organization may deduct their contributions as charitable donations.
B. Tax-exempt entities are prohibited from certain activities such as supporting political candidates.
C. Churches and public charities with tax-exempt status must file an information return (Form 990, 990EZ or 990-N) with the IRS annually.
D. None of the above, these are all true of tax-exempt entities.
Answer: C
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Answer the following statements true (T) or false (F)
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