THE CALIFORNIA STATE UNIVERSITY

Office of the Chancellor

401 Golden Shore Drive

Long Beach, California 90802-4210

(562) 951-4610

Due Date: January 5, 2001

Date: November 27, 2000 Code: AD 00-08

To: Campus Tax Coordinators

From: William P. Musselman

Director of Accounting

Business and Finance

Subject: Unrelated Business Income Tax Worksheet

Attached is the Unrelated Business Income Tax Worksheet. The worksheet is to be completed by the campus and returned to the Chancellor’s Office to facilitate the preparation and filing of the systemwide Form 990-T tax return. Also attached is information that may be used to assist the campus in completing the worksheet, including:

· Depreciation Worksheet

· Prior Years Depreciation Schedule

· Campus Tax Coordinator Roster

· Prior Year Taxable Income Listing

· Prior Years Tax Worksheet

· Suggested Income Tax References

· 1999 Instructions for Form 990-T

· IRS Publication 598, Tax on Unrelated Business Income of Exempt Organizations (Rev. Feb 98)

The Prior Years Tax Worksheet displays the tax liability or net operating loss carryforward from fiscal years 1995/96, 1996/97, 1997/98 and 1998/99 for each campus. Campuses with a tax liability will be billed for any net tax liability after the 1999/2000 990-T has been completed.

If you have any questions, please contact Mark Osborne at (562) 951-4610 or e-mail at mosborne@calstate.edu.

WPM:tp AD 00-08

Attachment

Distribution: Presidents (without attachments) Accounting Officers

Vice Presidents for Administration Mr. Richard P. West

Financial Managers Mr. Mark Osborne