Date:

August 31, 2005

Code: AD 05-05

To:

Vice Presidents for Administration

Due Date: November 1, 2005

From:

George V. Ashkar
Senior Director, Controller
Financial Services

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:

• Campus Tax Coordinator Roster
• Exempt Organization Accountancy Group, Inc. - UBIT Overview
• Comprehensive UBIT Test - Please return with Completed Worksheets (may not be all inclusive)
• Income Summary Worksheet
• Expense Summary Worksheet
• Depreciation Worksheets
• Prior Years Depreciation Schedule
• Prior Year Taxable Income Listing
• Tax Worksheet
• 2004 Instructions for Form 990-T
• IRS Publication 598, Tax on Unrelated Business Income of Exempt Organizations (Rev. March 2005)

The Prior Years Tax Worksheet displays the tax liability or net operating loss carry-forward from fiscal years 1995/96 through 2003/04 for each campus. Campuses with a tax liability will be billed for any net tax liability after the 2004/05 990-T has been completed.

For your convenience we have made the worksheets available online in Excel format, and can be found in Attachment A.

If you have any questions, please contact Criselle Espiritu at (562) 951-4394 or e-mail cespiritu@calstate.edu

GVA:tp AD 05-05 /

Attachment A (.xls)
Attachment B (.pdf)

Distribution:

FOA Administration
Presidents (without attachments)
Financial Managers
Accounting Officers
Vice Presidents for Administration
Mr. Richard P. West (without attachments)
Mr. Dennis Hordyk