IRS Tax-exempt status is a type of status that exempts an organization from paying taxes at the local, state, and federal levels. It is important to note that tax-free items may be reported on a taxpayer’s individual or business tax return, but they are shown only for informational purposes. Tax exemption can also refer to the status of a business that limits its taxable income. In this article, we will discuss the step-by-step process of filing for...