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What does it mean that Tails of Joy is a 501(c)(3) organization?

April 26, 2017joy mean organization tails

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What does it mean that Tails of Joy is a 501(c)(3) organization?

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501(c)(3) refers to the Internal Revenue Service’s tax code that allows a corporation to operate as a nonprofit and accept contributions from the public without paying taxes. This designation also allows you to count your contribution as a tax deduction.