Date: September 2, 1997 Code: AD 97-09

To: Campus Tax Coordinators

DUE DATE: October 15, 1997

From: George A. Pardon

Accounting Director

Business and Finance

Subject: Unrelated 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

q 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 @ william_musselman@calstate.edu.

GAP:WPM:js AD 97-09

Attachment-Unrelated 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

Financial Managers

Accounting Officers

Mr. Richard P. West

Mr. Bill Musselman