Tax Planning and Compliance for Tax-Exempt Organizations, 6th Edition

CHAPTER 10Instrumentalities of Government and Title-Holding Corporations

• § 10.6 Requirements for IRC §501(c)(8) and (c)(10)
  • (a) Differences between (c)(8)s and (c)(10)s
  • (b) Lodge Requirement
  • (c) Qualifying for (c)(8) Status
  • (d) Qualifying for (c)(10) Staus
  • (e) Unrelated Business Income

p. 218. Expand Chapter Title to:

Instrumentalities of Government (c)(1), Governmental Units (c)(2), Title-Holding Corporations(c)(2), Fraternal Beneficiary Societies, Orders, or Associations (c)(8), and Lodges 501(c)(10)

p. 240. Add new section:

§ 10.6 Requirements for IRC §501(c)(8) and (c)(10)

The words of the tax code and regulations are very specific and detailed about this subject, as shown below. IRC § 501(c)(8), later referred to as (c)(8), provides for the exemption from federal income tax of fraternal beneficiary societies, orders, or associations that:

1. Operate under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system, and
2. Provide for the payment of life, sickness, accident, or of other benefits to the members of such society, order, or association or their dependents.
3. Operate for a tax-exempt purpose of joining together persons of similar interests, education, professional affiliations, and other common skills typical for a fraternal organization.

IRC § 501(c)(10), later referred to as (c)(10), provides for the exemption from federal income tax of domestic fraternal societies, orders, or associations operating under ...