Which of the following exempt organizations must file annual information returns?
Private foundations.
Internally supported auxiliaries of churches.
Those with gross receipts of less than $5,000 in each taxable year.
Churches.
Choice "b" is correct. Section 509 private foundations require an annual information return which discloses substantial contributors and amounts of contributions received.Choices "c", "d", and "a" are incorrect, per the above rule.
Choice "b" is correct. Section 509 private foundations require an annual information return which discloses substantial contributors and amounts of contributions received.
Choices "c", "d", and "a" are incorrect, per the above rule.
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