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Financial Services
401 Golden Shore, 5th Floor
Long Beach, CA 90802-4210


December 4, 2009
Code: FS 2009-09

Tax Coordinators

George V. Ashkar
Interim Assistant Vice Chancellor and Controller
Financial Services

Unrelated Business Income Packet

This memo is pursuant to email communication sent by Roberta McNiel on October 29, 2009, which included the attached Unrelated Business Income Tax Packet. To review all requirements for submission, we held two conference calls for campuses, on November 5th and November 10th.

The various schedules comprising the packet are to be completed by the campus and returned to the Chancellor’s Office by January 15, 2010 to facilitate the preparation and filing of the systemwide Form 990-T tax return for the 2008/2009 fiscal year. Your timely response is appreciated and will allow internal review of the Form 990-T before its filing.

You will note we have completely revised the UBIT packet this year to assist the campuses with their collection of the data we need to submit a timely and accurate return. The new questionnaire was also reviewed by KPMG and we have incorporated their recommendations in the final product. Instructions for completion have been included.

The packet consists of the following:

  • UBIT Packet Instructions
  • UBIT Basics (providing background information)
  • UBIT Analysis Template
  • Depreciation Worksheet
  • Prior Years’ Depreciation Schedules
  • Prior Year Taxable Income Listing

If you have any questions, please contact Nikhil Bassi at (562) 951-4697 or e-mail nbassi@calstate.edu.


Attachments (.pdf)                  


FOA Administration
Financial Managers
Accounting Officers
Vice Presidents for Finance & Administration
Dr. Benjamin Quillian (without attachments)