Returns & Filing Requirements

An exempt organization subject to the tax on unrelated business income must file Form 990-T and attach any required supporting schedules and forms. The obligation to file Form 990-T is in addition to the obligation to file any other required returns.

Form 990-T is required if the organization's gross income from unrelated businesses is $1,000 or more. An exempt organization must report income from all its unrelated businesses on a single Form 990-T. Each organization must file a separate Form 990-T, except section 501(c)(2) title holding corporations and organizations receiving their earnings that file a consolidated return under section 1501.

The various provisions of tax law relating to accounting periods, accounting methods, at-risk limits (described in section 465), assessments, and collection penalties that apply to tax returns generally also apply to Form 990-T.

Where to file. Form 990-T must be filed with the Internal Revenue Service, Ogden, UT 84201-0027.

When to file. The Form 990-T of an employees' trust described in section 401(a), an IRA (including a traditional, SEP, SIMPLE, Roth, or education IRA), or an MSA must be filed by the 15th day of the 4th month after the end of its tax year. The Form 990-T of any other exempt organization must be filed by the 15th day of the 5th month after the end of its tax year. If the due date falls on a Saturday, Sunday, or legal holiday, the return is due by the next business day.

Extension of time to file. A corporation may request an automatic 6-month extension of time to file a return by submitting Form 7004, Application for Automatic Extension of Time To File Corporation Income Tax Return.

A trust may request an extension of time to file a return by submitting Form 2758, Application for Extension of Time To File Certain Excise, Income, Information, and Other Returns. Trusts are not granted automatic extensions of time to file.

Public inspection of return. Unlike information returns filed by exempt organizations, Form 990-T is not available for public inspection.

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