Date:

September 9, 2003

Code: AD 03-02

To:

Campus Tax Coordinators

From:

George V. Ashkar
Director of Systemwide Financial Operations
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


• 2002 Instructions for Form 990-T


• IRS Publication 598, Tax on Unrelated Business Income of Exempt Organizations (Rev. March 2000)

The Prior Years Tax Works heet displays the tax liability or net operating loss carry forward from fiscal years 1995/96 through 2001/02 for each campus. Campuses with a tax liability will be billed for any net tax liability after the 2002/03 990-T has been completed.

If you have any questions, please contact Lam Le at (562) 951-4386 or e-mail lhle@calstate.edu