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OMB No 15450047990FormReturn of Organization Exempt From Income Tax 20081Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)
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Any organization that qualifies for tax-exempt status under the Internal Revenue Code may need to file the 'return of organization exempt'. This includes nonprofit organizations, charities, religious institutions, and other similar entities.
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The return of organization exempt is a form filed by tax-exempt organizations to report their financial information to the IRS.
Certain tax-exempt organizations, such as private foundations and charitable organizations, are required to file the return of organization exempt.
The form must be completed with the organization's financial details, including income, expenses, assets, and activities.
The purpose of the return of organization exempt is to ensure transparency and accountability of tax-exempt organizations operating in the United States.
The form requires organizations to report their financial activities, governance structure, and other relevant information for IRS compliance.
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