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BOOSTER CLUB BASICS: Federal ExemptionTo be a 501(c)3 or not to be - - that is the question. Should you seek exempt status from the IRS or not? You have probably heard the term but do you really know what it is and should you apply for the status? One of the primary benefits of being considered exempt is the ability to accept donations/contributions that can be considered tax-deductible to the donor. Additional benefits include, but are not limited to:
Visit this link for additional information: http://www.irs.gov/charities/index.html Additional Information
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