September 2, 1997 Code: AD 97-09
|To: Campus Tax Coordinators|
From: George A. Pardon
Business and Finance
Business Income Tax Worksheet
Attached is the Unrelated Business
Income Tax Worksheet. The worksheet is to be completed by each
campus and returned to the Chancellor's Office to facilitate the
preparation and filing of the systemwide Form 990T tax return.
Also attached is information that may be used to assist your
campus in completing the worksheet. This information includes:
q Campus Tax Coordinator Roster;
q Suggested Income Tax References;
q Prior Year Taxable Income Listing;
q 1996 Instructions for Form 990T, and
IRS Publication 598, Tax on Unrelated Business Income of Exempt
Organizations (Rev. Feb. 95)
Once the tax liability has been calculated,
the Chancellor's Office will send a tax bill to the campuses.
These assessments will be based on each campus' net taxable income.
Campuses must remit taxes due immediately upon receipt of their
bill. These funds must be received in time for the finalized
return to be postmarked before the November 15, 1997 due date.
If you have any questions, please
contact Mr. Bill Musselman at (562) 951-4610 or via e-mail @ firstname.lastname@example.org.
GAP:WPM:js AD 97-09
Business Income Tax Worksheet (Please see your campus tax coordinator for
a complete set of attachments.)
Distribution: Presidents (w/out attachments)
Vice Presidents for Administration
Mr. Richard P. West
Mr. Bill Musselman