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 Publication 557 Rev February Tax Exempt Status for Your Organization 2021

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welcome to county office your complete guide to local government services and public records let's start learning what does tax exempt mean tax exemption means that an organization is not required to pay taxes on its income this status is granted by the government to certain entities such as Charities religious organizations and educational institutions in order to qualify for tax exemption an organization must meet specific criteria such as being organized for a charitable purpose and not engaging in certain activities like political lobbying tax-exempt organizations still have to file annual tax returns but they do not have to pay taxes on their income this status can be revoked if an organization no longer meets the criteria for tax exemption to learn more check out these links which you can click in the description below and feel free to comment your questions we're here to help thanks for watching our video be sure to like subscribe and leave a comment below we&

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