Question

What are three FEDERAL documents in which tax-exempt organizations are REQUIRED to disclose to the public?

List three characteristics of Gen Z which were described in the video, "Gen Z in the Workforce" and also explain why you agree or disagree with the characteristics described in the video.

"Regular" volunteers are volunteers which essentially fill the role of a staff position, but are not paid, employees. An example might be a volunteer driver for Meals on Wheels.

Answer 1

An exempt organization must make available for public inspection its exemption application. An exemption application includes the Form 1023 (PDF) or

Form 1023-EZ (for organizations recognized as exempt under Internal Revenue Code section 501(c)(3)), Form 1024 (PDF) or Form 1024-A (PDF), as applicable,

(for organizations recognized as exempt under most other paragraphs of section 501(c)), or the letter submitted under the paragraphs for which no form is prescribed, together with supporting documents and any letter or document issued by the IRS concerning the application. A political organization exempt from taxation under section 527(a) must make available for public inspection and copying its notice of status, Form 8871.

A political organization exempt from taxation under section 527(a) must make available for public inspection and copying its notice of status, Form 8871.

A section 501(c)(3) organization must make available for public inspection and copying any Form 990-T, Exempt Organization Business Income Tax Return (PDF)

, filed after August 17, 2006. Returns must be available for a three-year period beginning with the due date of the return (including any extension of time for filing).

For this purpose, the return includes any schedules, attachments, or supporting documents that relate to the imposition of tax on the unrelated business income of the charity. See Public Inspection and Disclosure of Form 990-T for more information.

A section 501(c)(4) organization is not required to disclose Form 8976 – Notice of Intent to Operate Under Section 501(c)(4). See Revenue Procedure 2016-41 for more information.

Characteristics:

1. Gen Zers are technologically advanced and knew how to use a smartphone from an early age.

2. Gen Z representatives have never seen the world without the internet and thus have affinity for texting and messaging on mobile apps or online platforms, sometimes even over in-person, face-to-face communication.

3. Another characteristic of the Gen Z population is that they absorb tons of new information every day. Gen Z kids spend several hours a day in social media or searching the internet for information.