tax-exempt organization

tax-exempt organization
An organization which, because of its character, particularly as religious, charitable, or educational, is exempt from taxation.

Ballentine's law dictionary. . 1998.

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  • tax-exempt — I noun a security that is not subject to taxation • Syn: ↑tax exempt security • Hypernyms: ↑security, ↑certificate II adjective (of goods or funds) not taxed (Freq. 1) …   Useful english dictionary

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  • tax-exempt — UK / US adjective 1) if something is tax exempt, you do not have to pay tax on it tax exempt savings 2) a person or organization that is tax exempt does not have to pay tax …   English dictionary

  • IRS Publication 557: Tax-Exempt Status for Your Organization — A document published by the Internal Revenue Service (IRS) that details the rules and regulations that have to be followed by an organization in order to obtain tax exempt status. IRS Publication 557 provides guidance as to required forms and… …   Investment dictionary

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  • Tax exemption — A tax exemption is an exemption from all or certain taxes of a state or nation in which part of the taxes that would normally be collected from an individual or an organization are instead foregone.Normally a tax exemption is provided to an… …   Wikipedia

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