What must be present on the account record in Compass to apply for a tax exemption?

To apply for a tax exemption, it is essential to have an approved tax exemption certificate present on the account record in Compass. This certificate serves as official verification that the account is eligible for tax exemption based on the specific criteria set by tax authorities. Without such a certificate, the application for tax exemption would not be substantiated, leading to issues in compliance with tax regulations.

The presence of an approved tax exemption certificate confirms that the necessary documentation has been reviewed and sanctioned, allowing the account to benefit from tax-exempt status legally. Other options, while potentially relevant in different contexts, do not fulfill the requirement necessary to apply for a tax exemption effectively. Thus, having the approved tax exemption certificate is crucial for proceeding with the tax exemption application in a compliant manner.