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MyWikiBiz, Author Your Legacy — Sunday May 05, 2024
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==Is the IRS Legal?==
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==[[keyword:=is the irs legal|Is the IRS Legal?]]==
 
[[Directory:Libertarian Party|Libertarian]] filmmaker Aaron Russo made the documentary [[Directory:Minks Theater Presents/America: From Freedom to Fascism|America: From Freedom to Fascism]] showing the Sixteenth Amendment to the constitution requiring you to pay federal income tax is not constitutional and was struck down by several supreme court decisions.
 
[[Directory:Libertarian Party|Libertarian]] filmmaker Aaron Russo made the documentary [[Directory:Minks Theater Presents/America: From Freedom to Fascism|America: From Freedom to Fascism]] showing the Sixteenth Amendment to the constitution requiring you to pay federal income tax is not constitutional and was struck down by several supreme court decisions.
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==Those Exempt==
 
==Those Exempt==
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===527 Groups===
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===[[keyword:=527 groups|527 Groups]]===
 
A 527 group is a type of tax-exempt organization named after a section of the United States tax code, created primarily to influence the nomination, election, appointment or defeat of candidates for public office. Although candidate committees and political action committees are also created under Section 527 of the Internal Revenue Code, the term is generally used to refer to political organizations which are not regulated by the Federal Election Commission or a state elections commission and not subject to the same contribution limits as PACs.
 
A 527 group is a type of tax-exempt organization named after a section of the United States tax code, created primarily to influence the nomination, election, appointment or defeat of candidates for public office. Although candidate committees and political action committees are also created under Section 527 of the Internal Revenue Code, the term is generally used to refer to political organizations which are not regulated by the Federal Election Commission or a state elections commission and not subject to the same contribution limits as PACs.
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==501(c)==
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===[[keyword:=501c|501(c)===
 
501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. § 501(c)), listing twenty-eight types of non-profit organizations exempt from some Federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. Many states reference Section 501(c) for definitions of organizations exempt from state taxation as well.
 
501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. § 501(c)), listing twenty-eight types of non-profit organizations exempt from some Federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. Many states reference Section 501(c) for definitions of organizations exempt from state taxation as well.
 
The most common 501(c) organizations include:
 
The most common 501(c) organizations include:
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*501(c)(6) - Business league and chamber of commerce organizations (see below)
 
*501(c)(6) - Business league and chamber of commerce organizations (see below)
 
*501(c)(7) - Recreational club organizations
 
*501(c)(7) - Recreational club organizations
*501(c)(8) - [[Fraternity|Fraternal]] beneficiary societies
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*501(c)(8) - Fraternal beneficiary societies
 
*501(c)(9) - Voluntary employee beneficiary associations
 
*501(c)(9) - Voluntary employee beneficiary associations
 
*501(c)(10) - Fraternal lodge societies
 
*501(c)(10) - Fraternal lodge societies
*501(c)(14) - [[Credit Unions]]
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*501(c)(14) - Credit Unions
 
*501(c)(19) or (23) - U.S. Veterans' posts and auxiliaries
 
*501(c)(19) or (23) - U.S. Veterans' posts and auxiliaries
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