What Determines Tax Status of IRS Targeted Groups?

The Internal Revenue Service - or IRS - is the U.S. federal government’s tax-collecting agency, bringing in about $2.4 trillion in revenue this year. The agency’s 90,000 employees touch every sector of American society, including individual taxpayers, small businesses, large corporations, and tax-exempt organizations.

Under U.S. law, certain charitable, religious, educational and cultural organizations are tax exempt, meaning they do not have to pay federal taxes on their … [Read More]

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Source: VOA News: Economy and Finance


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