| http://www.w3.org/ns/prov#value | - The formation of the nonprofit corporation in itself does not mean that the corporation is a tax-exempt entity under either federal or state law. In order to become tax-exempt, the corporation must thereafter file for tax exempt status with the IRS under Internal Revenue Code Section 501(c). Concurrently, the entity may also apply for tax exemption from state taxation by filing the necessary app
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