The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.
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What does it mean to be tax-exempt?
Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...
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