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For answers to questions about charities and other non-profit organizations, call IRS Tax Exempt and Government Entities Customer Account Services at 877-829-5500 (toll-free number).
What is the LBI division of the IRS?
The Large Business and International (LBI) Division serves corporations, subchapter S corporations, and partnerships with assets equal to or greater than $10 million.
What does tax-exempt mean in government?
A tax exemption excludes certain income, revenue, or even taxpayers from tax altogether. For example, nonprofits that fulfill certain requirements are granted tax-exempt status by the Internal Revenue Service (IRS), preventing them from having to pay income tax.
What does tax exempt entity mean?
A tax-exempt entity is an organization that is exempt from paying federal and state taxes. This includes religious organizations, educational institutions, and charitable organizations. To be considered tax-exempt, an organization must meet certain requirements set forth by the Internal Revenue Service (IRS).
What IRS division serves employee plans and government entities?
The IRS has four operating divisions: Wage and Investment, Small Business/Self-Employed, Large Business and International, and Tax Exempt and Government Entities (TE/GE). The Department coordinates primarily with the IRS TE/GE division, which services employee plans, tax-exempt organizations, and government entities.
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The IRS is a bureau of the Department of the Treasury and one of the worlds most efficient tax administrators.
What are exempt organizations and government entities?
Organizations organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational, or other specified purposes and that meet certain other requirements are tax exempt under Internal Revenue Code Section 501(c)(3).
What are the 4 divisions of the IRS?
The Deputy Commissioner reports to the Commissioner and oversees 4 primary operating divisions: 4 chief executive positions cover taxpayer service, tax compliance, information technology and operations.
Related links
Pursuing a Single Mission (or Something Closer to It) for
by K Hickman 2016 Cited by 21 The Internal Revenue Service (IRS) serves an incredibly important function as an agency of the federal governmentthat of collecting taxes and enforcing the tax
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