§ 4960(c)(1)

an applicable tax-exempt organization

UNDECIDED

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  1. 1

    § 4960(c)(1)

    ANY OF

    The term “applicable tax-exempt organization” means any organization which for the taxable year—

    “for the taxable year—” Opening words
    “is exempt from taxation under section 501(a),” § 4960(c)(1)(A)
    “is a farmers’ cooperative organization described in section 521(b)(1),” § 4960(c)(1)(B)
    “has income excluded from taxation under section 115(1), or” § 4960(c)(1)(C)
    “is a political organization described in section 527(e)(1).” § 4960(c)(1)(D) needs Step 2 a political organization UNDECIDED
  2. 2

    § 527(e)(1)

    a political organization

    ALL OF
    “a party, committee, association, fund, or other organization (whether or not incorporated)”
    “organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function”