What is 501(c) (3) of the Internal Revenue Code and why is it important to APA and Divisions?
APA holds tax-exemption status under Section 501(c) (3) of the Internal Revenue code and it is the most favorable tax status available to any United States organization. This favorable status, however, comes with restrictions on the organizations activities. A violation of any of these restrictions by APA or a Division can result in the loss of the tax-exempt status.
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- What is 501(c) (3) of the Internal Revenue Code and why is it important to APA and Divisions?
