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Author Topic: 2014/10/1 CoinFinance: Chamber of Digital Commerce Receives Tax Exempt Status  (Read 577 times)
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October 01, 2014, 07:23:32 PM

The Chamber of Digital Commerce (CDC) is now officially recognized as a tax exempt, non-profit organization by the Internal Revenue Service of the United states of America (IRS). Categorized under 501 (c) (6) of the IRS tax code in the United States, the CDC will no longer have to pay federal taxes on the money it receives from donations. This tax exempt status is the norm for most large non-profit organizations, with groups like United Way, the Ludwig von Mises Institute, and even the Bitcoin Foundation falling under this federal tax exempt status.

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