Virtual sorority’s tax-exempt status denied | Albuquerque Journal News: "Well, it seems that the IRS is made up of a lot more of us “mature” people and a lot less of our children’s generation. Two months ago the IRS Exempt Organization folks (yes, those people) denied tax-exempt status to a virtual sorority.
I had never heard of a virtual sorority. But no matter; I have not heard of most virtual things. I’m not in the right age bracket, either for virtual or for sororities.
The tax law allows a club organized for pleasure, recreation, or other nonprofitable purposes to be exempt from tax."
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