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This document is a summary prospectus filed by T. Rowe Price Tax-Exempt Money Fund, Inc. with the SEC, providing updates regarding changes to rules governing money market funds as adopted by the SEC in July 2023. It outlines amendments to investment strategies, liquidity fees, and the associated risks involved with investing in money market funds.
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What is form 497k?
Form 497k is a tax form used to report specific financial information required by the IRS, typically related to certain types of employment tax reporting.
Who is required to file form 497k?
Entities or individuals who meet specific criteria set by the IRS for reporting certain types of employment taxes are required to file Form 497k.
How to fill out form 497k?
To fill out Form 497k, taxpayers must provide accurate financial information as required by the form's instructions, including identifying information, tax amounts, and any supporting documentation.
What is the purpose of form 497k?
The purpose of Form 497k is to ensure compliance with tax regulations by providing the IRS with detailed reporting of financial activities and tax obligations related to employment.
What information must be reported on form 497k?
Form 497k requires reporting of identifying information, income amounts, tax liability, and any deductions or credits applicable to the taxpayer's employment-related taxes.
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