Tax-Exempt Entity [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.457-2 (m) [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter A Income Tax; Part 1 Income Taxes; Normal Taxes and Surtaxes; Deferred Compensation, Etc.; Methods of Accounting; Taxable Year for which Items of Gross Income Included], the term Tax-Exempt Entity means “any organization exempt from tax under subtitle A of the Internal Revenue Code, except that a governmental unit (including an international governmental organization) is not a tax-exempt entity.”
Legal Definition list
Related Legal Terms
- Accrediting Entity [Adoption]
- Accumulation plan [Internal Revenue]
- Actuarial Present Value [Internal Revenue]
- Airport Revenue [Aeronautics and Space]
- Alaska Native Entity
- All Substantial Rights to a Patent [Internal Revenue]
- Alternate Payee [Internal Revenue]
- Approved Terminal or Refinery [Internal Revenue]
- Architectural and Transportation Barrier Removal Expenses [Internal Revenue]
- Audits Internal
