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What does not tax exempt mean?

Updated: 9/18/2023
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13y ago

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NOT tax exempt would mean that SOME TAXES MAY BE OWED ON THE TYPE OF INCOME that has been received for this purpose. And IF this is a NONPROFIT CHARITABLE

organization a type of UNRELATED BUSINESS INCOME that will have to be reported on the income tax return and some taxes paid on the UBI that was received and maybe even some other tax forms will need to filed also for this purpose.

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