Recent content by markascovel

  1. M

    is a 501(c)(7) a good fit for a club for outdoor sporting?

    We are starting a club which will charge dues and hold meets. The IRS documentation says "A section 501(c)(7) organization may receive up to 35% of its gross receipts, including investment income, from sources outside of its membership". Does that mean that we'd loose our tax-exempt status if we...
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