Number: 96-264 Title: Frequently asked Questions About Tax-Exempt Organizations Authors: Erika Lunder and Mattie Little, American Law Division Abstract: This report answers frequently asked questions about tax-exempt organizations including how to set up a tax-exempt organization, what limits are placed on the activities of tax-exempt organizations, and the meaning of the terms "tax-exempt," "nonprofit," and "private foundation." Several questions are intended to guide the reader to more information about tax-exempt organizations in general or about specific organizations. Another group of questions provides general information on how to form a tax-exempt organization, what record keeping requirements an organization might encounter, and how an organization might lose its tax-exempt status. Pages: 17 Date: January 30, 2007