Federal Tax Exempt Status definition

Federal Tax Exempt Status means the status of organization or agency that is exempt from Federal income tax under Section 501-(c)-(3) of the Internal Revenue Code.
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Federal Tax Exempt Status. – means the status of organization or agency that is exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code.
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Federal Tax Exempt Status. CDHA has previously filed for group tax exemption – so components may be covered. If not, organizations use Form 1024 to apply for recognition of exemption under section 501(a) or to receive a determination letter of IRS recognition of their section 501(c) status. Following are resource links: xxxxx://xxx.xxx.xxx/uac/About- Form-1024 Sample Form 1024 Completed There is no application fee. California Tax Exempt Status: most charities and nonprofit organizations must apply for and receive a determination or acknowledgement letter in order to be recognized as tax-exempt in California. For information about tax requirements and/or applying for tax-exempt status in California, go to xxxxx://xxx.xxx.xx.xxx/businesses/exempt_organizations or call the California Franchise Tax Board at (000) 000-0000. There may be a $25 fee depending on previous exempt status. Filing IRS 990-N, or State of California 199N: most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less can satisfy their annual reporting requirement by electronically submitting Form 990-N, Electronic Notice (e-Postcard) if they choose not to file Form 990 or Form 990-EZ instead. All CDHA components are eligible to file this form and there is no fee. Form 990-N is very easy to complete. You'll need only eight items of basic information about your organization. For more information, visit xxx.xxx. The State of California also has an e-postcard filing 199N. There is no cost to file and the form is straightforward and easy. Employer Identification Number (EIN): an EIN# is used on all federal and some state filings and is required to conduct business such as the opening of bank accounts. There is no fee to apply for an EIN number on the IRS website.
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Examples of Federal Tax Exempt Status in a sentence

  • Federal Tax Exempt Status Verification (to include final determination letter, if applicable) Note: This is a letter granting tax exemption from the Internal Revenue Service.

  • Accordingly, the Liquidating Trustee hereby (a) objects to the Insufficient Documentation Claims listed on Exhibit C to the Proposed Order, and (b) requests entry of anorder disallowing and expunging the Insufficient Documentation Claims in their entirety.

  • FISCAL SPONSOR'S 501(c)(3) OR 501(c)(4) Federal Tax Exempt Status Letter; and E FISCAL SPONSOR'S most recent financial statement (audited, if available).

  • The applicant is a tax-exempt municipalityNo8/5/2020Comments :The Soaring Eagle Academy is in the process of applying for the Federal Tax Exempt Status.

  • FISCAL SPONSOR'S 501(c)(3) OR 501(c)(4) Federal Tax Exempt Status Letter; and E.

  • Application for Federal Tax Exempt Status - It is important to note that formation of a nonprofit corporation through the Texas Secretary of State does not entitle the organization to exemption from federal taxes.

  • Federal Tax Exempt Status for Renewables Development According to staff, the US Internal Revenue Service would not provide a letter ruling on the tax-exempt status of the Compact unless they formed the cooperative and purchased Renewable Energy Certificates (RECs).

  • As required by the Internal Revenue Service as part of the reinstatement of Federal Tax Exempt 501(c)(3) Status retroactively to May 15, 2010 on July 23, 2015, the Treasurer will be required to submit annually Form 990, or any other documentation and/or fees required by the IRS to maintain this Federal Tax Exempt Status and charitable funding documentation.

  • Federal Tax Exempt Status as a 501(c)6 organization was granted as of December 28, 1976, Seattle, Washington 98112.

  • FISCAL SPONSOR'S 501(c)(3) OR 501(c)(4) Federal Tax Exempt Status Letter; and❑ E.

Related to Federal Tax Exempt Status

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • Tax Exempt Person means a person who is exempt from tax under Part I of the Tax Act.

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • Tax Exempt Obligations means any bond, note or other obligation issued by any person, the interest on which is excludable from gross income for federal income tax purposes.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the liability for Taxes of the Corporation (or the Partnerships, but only with respect to Taxes imposed on the Partnerships and allocable to the Corporation) using the same methods, elections, conventions and similar practices used on the relevant Corporation Return but using the Non-Stepped Up Tax Basis instead of the tax basis reflecting the Basis Adjustments of the Adjusted Assets and excluding any deduction attributable to Imputed Interest.

  • Publicly Traded Equity Interest means any Equity Interest that is traded on any securities exchange or is quoted in any publication or electronic reporting service maintained by the National Association of Securities Dealers, Inc., or any other comparable organization or entity in which your shares are listed or traded, or any of their successors.

  • Tax-Exempt Bond means any of a series of the Schwarz Paper Building Redevelopment Project Tax Allocation Bonds of the City, the interest on which is determined by the City to be excludable from gross income for federal income tax purposes.

  • Tax or “Taxes” means any federal, state, local or foreign income, gross receipts, property, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add on minimum, ad valorem, transfer or excise tax, or any other tax, custom, duty, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest or penalty, imposed by any Governmental Entity.

  • 1031 TAX EXCHANGE The seller of this property may facilitate this sale by use of a 1031 Exchange, and the buyer agrees to sign additional 1031 Exchange documents if required. The undersigned hereby ratify, accept and agree to the contract and acknowledge receipt of a copy thereof. SAMPLE CONDITION OF PROPERTY: THE PURCHASER UNDERSTANDS THAT THE SELLER ACQUIRED THE PROPERTY BY FORECLOSURE, DEED-IN-LIEU OF FORECLOSURE, FORFEITURE, TAX SALE, RIGHT OF EMINENT DOMAIN OR SIMILAR PROCESS AND CONSEQUENTLY AND OR ANY OTHER WAY. THE SELLER HAS LITTLE OR NO DIRECT KNOWLEDGE CONCERNING THE CONDITION OF THE PROPERTY. XXXXX HAS HAD THE RIGHT TO INSPECT PROPERTY. THE PROPERTY IS SOLD AS IS, SUBJECT TO ANY AND ALL LOCAL GOVERMENT HOUSING CODE VIOLATIONS. AS A MATERIAL PART OF THE CONSIDERATION TO BE RECEIVED BY THE SELLER UNDER THIS AGREEMENT AS NEGOTIATED AND AGREED TO BY THE PURCHASER AND THE SELLER, THE PURCHASER ACKNOWLEDGES AND AGREES TO ACCEPT THE PROPERTY IN "AS IS" CONDITION AT THE TIME OF CLOSING, INCLUDING, WITHOUT LIMITATION, ANY HIDDEN DEFECTS OR ENVIRONMENTAL CONDITIONS AFFECTING THE PROPERTY, WHETHER KNOWN OR UNKNOWN WHETHER SUCH DEFECTS OR CONDITIONS WERE DISCOVERABLE THROUGH INSPECTION OR NOT. THE PURCHASER ACKNOWLEDGES THAT THE SELLER, ITS AGENTS AND REPRESENTATIVES HAVE NOT MADE AND THE SELLER SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTEES, IMPLIED OR EXPRESS, ORAL OR WRITTEN IN RESPECT TO: (A) THE PHYSICAL CONDITION OR ANY OTHER ASPECT OF THE PROPERTY INCLUDING THE STRUCTURAL INTEGRITY OR THE QUALITY OR CHARACTER OF MATERIALS USED IN CONSTRUCTION OF ANY IMPROVEMENTS, AVAILABILITY AND QUANTITY OR QUALITY OF WATER, STABILITY OF THE SOIL, SUSCEPTIBILITY TO LANDSLIDE OR FLOODING, SUFFICIENCY OF DRAINAGE, WATER LEAKS, WATER DAMAGE, MOLD OR ANY OTHER MATTER AFFECTING THE STABILITY, INTEGRITY, OR CONDITION OF THE PROPERTY OR IMPROVEMENTS; THE PHYSICAL CONDITION OR ANY OTHER ASPECT OF THE PROPERTY INCLUDING THE STRUCTURAL INTEGRITY OR THE QUALITY OR CHARACTER OF MATERIALS USED IN CONSTRUCTION OF ANY IMPROVEMENTS, AVAILABILITY AND QUANTITY OR QUALITY OF WATER, STABILITY OF THE SOIL, SUSCEPTIBILITY TO LANDSLIDE OR FLOODING, SUFFICIENCY OR DRAINAGE, WATER LEAKS, WATER DAMAGE, MOLD OR ANY OTHER MATTER AFFECTING THE STABILITY, INTEGRITY, OR CONDITION OF THE PROPERTY OR IMPROVEMENTS;

  • U.S. Tax Certificate has the meaning assigned to such term in Section 2.17(f)(ii)(D)(2).

  • criminal tax matters means tax matters involving intentional conduct whether before or after the entry into force of this Agreement which is liable to prosecution under the criminal laws of the requesting Party;

  • Publicly traded partnership means any partnership, an interest in which is regularly traded on an established securities market. A “publicly traded partnership” may have any number of partners.

  • After-imposed Federal tax means any new or increased Federal excise tax or duty, or tax that was exempted or excluded on the contract date but whose exemption was later revoked or reduced during the contract period, on the transactions or property covered by this contract that the Contractor is required to pay or bear as the result of legislative, judicial, or administrative action taking effect after the contract date. It does not include social security tax or other employment taxes.

  • Disregarded Entity means a single member limited liability company, a qualifying subchapter S subsidiary, or another entity if the company, subsidiary, or entity is a disregarded entity for federal income tax purposes.

  • Agreement combined tax rate means the sum of the tax rates:

  • Prohibited Transactions means a personal securities transaction prohibited by this Code.

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;