Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return


Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Examples of Common Business Interests

The following activities tend to illustrate a common business interest:

  • Promoting higher business standards and better business methods and encouraging uniformity and cooperation by a retail merchants association,
  • Educating the public in the use of credit,
  • Establishing uniform casualty rates and compiling statistical information by an insurance rating bureau operated by casualty insurance companies under state authority,
  • Establishing and maintaining the in­tegrity of a local commercial market,
  • Operating a trade publication primarily to benefit an entire industry,
  • Encouraging the use of goods and services of an entire industry (such as a lawyer referral service whose main pur­pose is to introduce individuals to the use of the legal profession in the hope that they will enter into lawyer-client relation­ships on a paying basis), and
  • Attempting to influence legislation germane to the common business interests of an organization's members.

On the other hand, a hobby is not a business; thus, an organization that promotes the common interests of hobbyists does not qualify for exemption as a business league.


Return to Life Cycle of a Business League (Trade Association)