IRS Form 990-T Schedule A Unrelated Business Taxable Income From an Unrelated Trade or Business

What Is IRS Form 990-T Schedule A?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 990-T, Exempt Organization Business Income Tax Return (And Proxy Tax Under Section 6033(E)). As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 990-T?
A: IRS Form 990-T is a tax form used by tax-exempt organizations to report unrelated business taxable income from an unrelated trade or business.

Q: What is Schedule A of Form 990-T?
A: Schedule A is a section of IRS Form 990-T used to report and calculate the unrelated business taxable income.

Q: What is unrelated business taxable income?
A: Unrelated business taxable income refers to the income earned by a tax-exempt organization from a trade or business activity that is not related to its tax-exempt purpose.

Q: What is an unrelated trade or business?
A: An unrelated trade or business refers to an activity conducted by a tax-exempt organization that is not substantially related to its exempt purpose.

Q: Why do tax-exempt organizations need to report unrelated business taxable income?
A: Tax-exempt organizations need to report unrelated business taxable income to comply with tax laws and determine their tax liability on income generated from unrelated activities.