The xeriscape council of new mexico , inc . , is a non - profit tax - exempt corporation.

描述：新墨西哥州旱生园艺理事会是一个非营利免税社团。

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Included in the positive adjustment to stock basis is an increase for tax-exempt income realized by the S corporation.

FORBES: Tax Court Holds S Corporation Shareholders Liable for $30 Million Tax Deficiency

As we noted last week, Democracy 21 is itself a tax-exempt 501(c)(4) corporation.

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It was incorporated as an Illinois not-for-profit corporation in 1963 at the behest of the ABA, which is a tax-exempt business league.

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