INTERNAL REVENUE SERVICE
United States Department of the Treasury
All non-profit and charitable organizations operate under Code Section 501 (c) of the Internal Revenue Service. There are certain guidelines we all have to abide by. If these rules are not followed by the officers and board members of the association, the organization could lose their tax-exempt status. We want everybody to be aware of these rules so there is no misunderstand-ing. All veterans organizations fall under Code Section 501 (c) (19) and they also have to abide by Code Section 501 (c) (3). The links below will take you to these Code Sections from the IRS. In essence no individual is allowed to profit from the organization and we all need to keep this in mind as we take our journey into the future. Also, no individual of influence, such as an officer of the organization, can assist a private individual to make a profit. If all members abide by these rules the organization should never be in trouble with the IRS.
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