 | Ernst & Young LLP - 1996 - 548 lapas
...1120PC. A residual market plan may also qualify as a tax-exempt business league. A Section 501(c)(6) business league is an association of persons having some common business interest. The activities of the association must be directed towards the improvement of business conditions of one... | |
 | Linda J. Shinn - 2003 - 246 lapas
...available online at: http:/ /www.irs.ustreas.gov/prod/forms_pubs/forms.html TT. A non-profit association is an association of persons having some common business interest, the purpose of which is to promote that common interest, and not engage in a regular business of a kind ordinarily carried on for profit... | |
 | Linda J. Shinn - 2003 - 246 lapas
...available online at: http:/ /www.irs.ustreas.gov/prod/forms_pubs/forms.html TT. A non-profit association is an association of persons having some common business interest, the purpose of which is to promote that common interest, and not engage in a regular business of a kind ordinarily carried on for profit... | |
 | Jody Blazek - 2004 - 896 lapas
...efforts primarily to promoting the industry. A (c)(6) association may not, as a significant activity, engage in a regular business of a kind ordinarily carried on for profit.25 Services rendered for members aimed at improving the industry or maintaining its standards... | |
 | United States. Congress. House. Committee on Ways and Means - 2005 - 188 lapas
...activities designed to promote a common business interest of its members; such organizations must not "engage in a regular business of a kind ordinarily carried on for profit." J These organizations are exempt because they represent simply a pooling of resources by people with... | |
 | Jack B. Siegel - 2006 - 736 lapas
...Trade associations and chambers of commerce can seek exemption as business leagues (Section 501(c)(6)). A business league is an association of persons having...some common business interest, the purpose of which 4. Rev. Rul. 68-656, 1968-2 CB 216. 5. IRC § 504. 6. Treas. Reg. § 1.501(c)(4)-l(a)(2)(ii). 7. See... | |
 | Bruce R. Hopkins - 2006 - 384 lapas
...The IRS first attempted a definition of the term business league in 1919, employing this regulation: "A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business... | |
 | CCH Incorporated - 2007 - 872 lapas
...benefit of any private shareholder or individual (Code Sec. 501 (c) (6); Reg. § 1.501(c) (6)-1).94 A business league is an association of persons having...business of a kind ordinarily carried on for profit. For example, an association engaged in furnishing information to prospective investors, is not a business... | |
 | Michael I. Sanders - 2007 - 955 lapas
...of the net earnings of which inures to the benefit of any private shareholder or individual.43 Thus, a business league is an association of persons having some common business interest. The purpose of the organization is to promote the common business interests of the industry. The organization must... | |
 | CCH Tax Law Editors - 2008 - 2276 lapas
...from the performance of particular services for individual persons. An organization whose purpose is to engage in a regular business of a kind ordinarily carried on for profit, even though the business is conducted on a cooperative basis or produces only sufficient income to... | |
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... not to engage in a regular business of a kind ordinarily carried on for profit. 1t is an organization of the same general class as a chamber of commerce or board of trade. Thus, its activities should be directed to the improvement of business conditions... 
