IRS Form 990-T 2018 Exempt Organization Business Income Tax Return (And Proxy Tax Under Section 6033(E))

IRS Form 990-T is a U.S. Department of the Treasury - Internal Revenue Service - issued form also known as the "Exempt Organization Business Income Tax Return (and Proxy Tax Under Section 6033(e))".

A PDF of the latest IRS Form 990-T can be downloaded below or found on the U.S. Department of the Treasury - Internal Revenue Service Forms and Publications website.

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Exempt Organization Business Income Tax Return
OMB No. 1545-0687
990-T
(and proxy tax under section 6033(e))
Form
2018
For calendar year 2018 or other tax year beginning
, 2018, and ending
, 20
.
Go to www.irs.gov/Form990T for instructions and the latest information.
Department of the Treasury
Open to Public Inspection for
Internal Revenue Service
Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3).
501(c)(3) Organizations Only
Check box if
Name of organization (
Check box if name changed and see instructions.)
D Employer identification number
A
address changed
(Employees’ trust, see instructions.)
B Exempt under section
Print
) (
)
Number, street, and room or suite no. If a P.O. box, see instructions.
501(
or
E Unrelated business activity code
408(e)
220(e)
Type
(See instructions.)
City or town, state or province, country, and ZIP or foreign postal code
408A
530(a)
529(a)
C Book value of all assets
F Group exemption number (See instructions.)
at end of year
G Check organization type
501(c) corporation
501(c) trust
401(a) trust
Other trust
H Enter the number of the organization’s unrelated trades or businesses.
Describe the only (or first) unrelated
trade or business here
. If only one, complete Parts I–V. If more than one, describe the
first in the blank space at the end of the previous sentence, complete Parts I and II, complete a Schedule M for each additional
trade or business, then complete Parts III–V.
I
During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? .
.
Yes
No
If “Yes,” enter the name and identifying number of the parent corporation.
J The books are in care of
Telephone number
Part I
Unrelated Trade or Business Income
(A) Income
(B) Expenses
(C) Net
1a Gross receipts or sales
b Less returns and allowances
c Balance
1c
2
2
Cost of goods sold (Schedule A, line 7) .
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3
3
Gross profit. Subtract line 2 from line 1c .
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4a Capital gain net income (attach Schedule D)
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4a
b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797)
4b
c Capital loss deduction for trusts
4c
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5
Income (loss) from a partnership or an S corporation (attach statement)
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6
Rent income (Schedule C)
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6
7
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Unrelated debt-financed income (Schedule E) .
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8
8
Interest, annuities, royalties, and rents from a controlled organization (Schedule F)
9
Investment income of a section 501(c)(7), (9), or (17) organization (Schedule G)
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10
10
Exploited exempt activity income (Schedule I) .
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11
Advertising income (Schedule J)
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11
12
Other income (See instructions; attach schedule) .
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12
13
Total. Combine lines 3 through 12
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Part II
Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions,
deductions must be directly connected with the unrelated business income.)
14
Compensation of officers, directors, and trustees (Schedule K) .
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14
15
15
Salaries and wages
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Repairs and maintenance
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Bad debts
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18
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Interest (attach schedule) (see instructions) .
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Taxes and licenses .
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Charitable contributions (See instructions for limitation rules) .
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20
21
Depreciation (attach Form 4562)
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22a
22b
Less depreciation claimed on Schedule A and elsewhere on return .
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23
Depletion .
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24
Contributions to deferred compensation plans
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25
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Employee benefit programs .
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Excess exempt expenses (Schedule I)
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Excess readership costs (Schedule J)
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28
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Other deductions (attach schedule)
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Total deductions. Add lines 14 through 28
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29
30
Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13
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31
31
Deduction for net operating loss arising in tax years beginning on or after January 1, 2018 (see instructions)
32
32
Unrelated business taxable income. Subtract line 31 from line 30
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990-T
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 11291J
Exempt Organization Business Income Tax Return
OMB No. 1545-0687
990-T
(and proxy tax under section 6033(e))
Form
2018
For calendar year 2018 or other tax year beginning
, 2018, and ending
, 20
.
Go to www.irs.gov/Form990T for instructions and the latest information.
Department of the Treasury
Open to Public Inspection for
Internal Revenue Service
Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3).
501(c)(3) Organizations Only
Check box if
Name of organization (
Check box if name changed and see instructions.)
D Employer identification number
A
address changed
(Employees’ trust, see instructions.)
B Exempt under section
Print
) (
)
Number, street, and room or suite no. If a P.O. box, see instructions.
501(
or
E Unrelated business activity code
408(e)
220(e)
Type
(See instructions.)
City or town, state or province, country, and ZIP or foreign postal code
408A
530(a)
529(a)
C Book value of all assets
F Group exemption number (See instructions.)
at end of year
G Check organization type
501(c) corporation
501(c) trust
401(a) trust
Other trust
H Enter the number of the organization’s unrelated trades or businesses.
Describe the only (or first) unrelated
trade or business here
. If only one, complete Parts I–V. If more than one, describe the
first in the blank space at the end of the previous sentence, complete Parts I and II, complete a Schedule M for each additional
trade or business, then complete Parts III–V.
I
During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? .
.
Yes
No
If “Yes,” enter the name and identifying number of the parent corporation.
J The books are in care of
Telephone number
Part I
Unrelated Trade or Business Income
(A) Income
(B) Expenses
(C) Net
1a Gross receipts or sales
b Less returns and allowances
c Balance
1c
2
2
Cost of goods sold (Schedule A, line 7) .
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3
3
Gross profit. Subtract line 2 from line 1c .
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4a Capital gain net income (attach Schedule D)
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4a
b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797)
4b
c Capital loss deduction for trusts
4c
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5
Income (loss) from a partnership or an S corporation (attach statement)
5
6
Rent income (Schedule C)
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6
7
7
Unrelated debt-financed income (Schedule E) .
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8
8
Interest, annuities, royalties, and rents from a controlled organization (Schedule F)
9
Investment income of a section 501(c)(7), (9), or (17) organization (Schedule G)
9
10
10
Exploited exempt activity income (Schedule I) .
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11
Advertising income (Schedule J)
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11
12
Other income (See instructions; attach schedule) .
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12
13
Total. Combine lines 3 through 12
13
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Part II
Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions,
deductions must be directly connected with the unrelated business income.)
14
Compensation of officers, directors, and trustees (Schedule K) .
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14
15
15
Salaries and wages
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16
Repairs and maintenance
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16
17
Bad debts
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18
18
Interest (attach schedule) (see instructions) .
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19
Taxes and licenses .
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20
Charitable contributions (See instructions for limitation rules) .
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20
21
Depreciation (attach Form 4562)
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21
22
22a
22b
Less depreciation claimed on Schedule A and elsewhere on return .
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23
Depletion .
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23
24
Contributions to deferred compensation plans
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24
25
25
Employee benefit programs .
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Excess exempt expenses (Schedule I)
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27
Excess readership costs (Schedule J)
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28
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Other deductions (attach schedule)
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29
Total deductions. Add lines 14 through 28
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29
30
Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13
30
31
31
Deduction for net operating loss arising in tax years beginning on or after January 1, 2018 (see instructions)
32
32
Unrelated business taxable income. Subtract line 31 from line 30
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990-T
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 11291J
2
Form 990-T (2018)
Page
Part III
Total Unrelated Business Taxable Income
33
Total of unrelated business taxable income computed from all unrelated trades or businesses (see
instructions) .
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33
34
Amounts paid for disallowed fringes .
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34
35
Deduction for net operating loss arising in tax years beginning before January 1, 2018 (see
instructions) .
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35
36
Total of unrelated business taxable income before specific deduction. Subtract line 35 from the sum
of lines 33 and 34 .
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36
37
Specific deduction (Generally $1,000, but see line 37 instructions for exceptions) .
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37
38
Unrelated business taxable income. Subtract line 37 from line 36. If line 37 is greater than line 36,
enter the smaller of zero or line 36 .
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38
Part IV
Tax Computation
39
Organizations Taxable as Corporations. Multiply line 38 by 21% (0.21) .
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39
40
Trusts Taxable at Trust Rates. See instructions for tax computation. Income tax on
the amount on line 38 from:
Tax rate schedule or
Schedule D (Form 1041) .
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40
41
Proxy tax. See instructions .
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41
42
Alternative minimum tax (trusts only) .
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42
43
Tax on Noncompliant Facility Income. See instructions .
43
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44
Total. Add lines 41, 42, and 43 to line 39 or 40, whichever applies .
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44
Part V
Tax and Payments
45a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116)
45a
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b Other credits (see instructions) .
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45b
c General business credit. Attach Form 3800 (see instructions) .
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45c
d Credit for prior year minimum tax (attach Form 8801 or 8827) .
45d
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e Total credits. Add lines 45a through 45d
45e
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46
Subtract line 45e from line 44 .
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46
47
47
Other taxes. Check if from:
Form 4255
Form 8611
Form 8697
Form 8866
Other (attach schedule) .
48
Total tax. Add lines 46 and 47 (see instructions) .
48
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49
2018 net 965 tax liability paid from Form 965-A or Form 965-B, Part II, column (k), line 2 .
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49
50a Payments: A 2017 overpayment credited to 2018
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50a
b 2018 estimated tax payments .
50b
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c Tax deposited with Form 8868 .
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50c
d Foreign organizations: Tax paid or withheld at source (see instructions)
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50d
e Backup withholding (see instructions)
50e
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f
50f
Credit for small employer health insurance premiums (attach Form 8941) .
g Other credits, adjustments, and payments:
Form 2439
Form 4136
Other
Total
50g
51
Total payments. Add lines 50a through 50g
51
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52
Estimated tax penalty (see instructions). Check if Form 2220 is attached .
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52
53
Tax due. If line 51 is less than the total of lines 48, 49, and 52, enter amount owed
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53
54
Overpayment. If line 51 is larger than the total of lines 48, 49, and 52, enter amount overpaid .
54
55
Credited to 2019 estimated tax
Refunded
55
Enter the amount of line 54 you want:
Part VI
Statements Regarding Certain Activities and Other Information
(see instructions)
Yes
No
56
At any time during the 2018 calendar year, did the organization have an interest in or a signature or other authority
over a financial account (bank, securities, or other) in a foreign country? If “Yes,” the organization may have to file
FinCEN Form 114, Report of Foreign Bank and Financial Accounts. If “Yes,” enter the name of the foreign country
here
57
During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? .
If “Yes,” see instructions for other forms the organization may have to file.
58
Enter the amount of tax-exempt interest received or accrued during the tax year
$
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
Sign
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
Here
with the preparer shown below
Yes
No
(see instructions)?
Signature of officer
Date
Title
Print/Type preparer’s name
Preparer’s signature
Date
PTIN
Paid
Check
if
self-employed
Preparer
Firm’s name
Firm’s EIN
Use Only
Firm’s address
Phone no.
990-T
Form
(2018)
3
Form 990-T (2018)
Page
Schedule A—Cost of Goods Sold. Enter method of inventory valuation
1
Inventory at beginning of year
1
6
Inventory at end of year .
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6
2
Purchases
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2
7
Cost of goods sold. Subtract
line 6 from line 5. Enter here and
3
Cost of labor .
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3
in Part I, line 2 .
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4 a Additional section 263A costs
7
(attach schedule)
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Yes
No
4a
8
Do the rules of section 263A (with respect to
property produced or acquired for resale) apply
b Other costs (attach schedule)
4b
to the organization? .
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5
Total. Add lines 1 through 4b
5
Schedule C—Rent Income (From Real Property and Personal Property Leased With Real Property)
(see instructions)
1. Description of property
(1)
(2)
(3)
(4)
2. Rent received or accrued
3(a) Deductions directly connected with the income
(a) From personal property (if the percentage of rent
(b) From real and personal property (if the
in columns 2(a) and 2(b) (attach schedule)
for personal property is more than 10% but not
percentage of rent for personal property exceeds
more than 50%)
50% or if the rent is based on profit or income)
(1)
(2)
(3)
(4)
Total
Total
(b) Total deductions.
(c) Total income. Add totals of columns 2(a) and 2(b). Enter
Enter here and on page 1,
here and on page 1, Part I, line 6, column (A)
.
.
.
Part I, line 6, column (B)
Schedule E—Unrelated Debt-Financed Income
(see instructions)
3. Deductions directly connected with or allocable to
2. Gross income from or
debt-financed property
1. Description of debt-financed property
allocable to debt-financed
(a) Straight line depreciation
(b) Other deductions
property
(attach schedule)
(attach schedule)
(1)
(2)
(3)
(4)
4. Amount of average
5. Average adjusted basis
6. Column
8. Allocable deductions
acquisition debt on or
of or allocable to
7. Gross income reportable
4 divided
(column 6 × total of columns
allocable to debt-financed
debt-financed property
(column 2 × column 6)
by column 5
3(a) and 3(b))
property (attach schedule)
(attach schedule)
(1)
%
%
(2)
%
(3)
(4)
%
Enter here and on page 1,
Enter here and on page 1,
Part I, line 7, column (A).
Part I, line 7, column (B).
Totals
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Total dividends-received deductions included in column 8
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990-T
Form
(2018)
4
Form 990-T (2018)
Page
Schedule F—Interest, Annuities, Royalties, and Rents From Controlled Organizations
(see instructions)
Exempt Controlled Organizations
1. Name of controlled
2. Employer
5. Part of column 4 that is
6. Deductions directly
3. Net unrelated income
4. Total of specified
organization
identification number
included in the controlling
connected with income
(loss) (see instructions)
payments made
organization’s gross income
in column 5
(1)
(2)
(3)
(4)
Nonexempt Controlled Organizations
10. Part of column 9 that is
11. Deductions directly
8. Net unrelated income
9. Total of specified
7. Taxable Income
included in the controlling
connected with income in
(loss) (see instructions)
payments made
organization’s gross income
column 10
(1)
(2)
(3)
(4)
Add columns 5 and 10.
Add columns 6 and 11.
Enter here and on page 1,
Enter here and on page 1,
Part I, line 8, column (A).
Part I, line 8, column (B).
Totals
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Schedule G—Investment Income of a Section 501(c)(7), (9), or (17) Organization
(see instructions)
3. Deductions
5. Total deductions
4. Set-asides
1. Description of income
2. Amount of income
directly connected
and set-asides (col. 3
(attach schedule)
(attach schedule)
plus col. 4)
(1)
(2)
(3)
(4)
Enter here and on page 1,
Enter here and on page 1,
Part I, line 9, column (A).
Part I, line 9, column (B).
Totals
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Schedule I—Exploited Exempt Activity Income, Other Than Advertising Income
(see instructions)
3. Expenses
4. Net income (loss)
7. Excess exempt
2. Gross
directly
from unrelated trade
5. Gross income
expenses
unrelated
6. Expenses
connected with
or business (column
from activity that
(column 6 minus
1. Description of exploited activity
business income
attributable to
production of
2 minus column 3).
is not unrelated
column 5, but not
from trade or
column 5
unrelated
If a gain, compute
business income
more than
business
business income
cols. 5 through 7.
column 4).
(1)
(2)
(3)
(4)
Enter here and on
Enter here and on
Enter here and
page 1, Part I,
page 1, Part I,
on page 1,
line 10, col. (A).
line 10, col. (B).
Part II, line 26.
Totals
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Schedule J—Advertising Income
(see instructions)
Part I
Income From Periodicals Reported on a Consolidated Basis
4. Advertising
7. Excess readership
2. Gross
gain or (loss) (col.
costs (column 6
3. Direct
5. Circulation
6. Readership
1. Name of periodical
advertising
2 minus col. 3). If
minus column 5, but
advertising costs
income
costs
income
a gain, compute
not more than
cols. 5 through 7.
column 4).
(1)
(2)
(3)
(4)
Totals (carry to Part II, line (5))
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990-T
Form
(2018)
5
Form 990-T (2018)
Page
Part II
Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns
2 through 7 on a line-by-line basis.)
4. Advertising
7. Excess readership
2. Gross
gain or (loss) (col.
costs (column 6
3. Direct
5. Circulation
6. Readership
1. Name of periodical
advertising
2 minus col. 3). If
minus column 5, but
advertising costs
income
costs
income
a gain, compute
not more than
cols. 5 through 7.
column 4).
(1)
(2)
(3)
(4)
Totals from Part I .
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Enter here and on
Enter here and on
Enter here and
page 1, Part I,
page 1, Part I,
on page 1,
line 11, col. (A).
line 11, col. (B).
Part II, line 27.
Totals, Part II (lines 1–5)
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Schedule K—Compensation of Officers, Directors, and Trustees
(see instructions)
3. Percent of
4. Compensation attributable to
1. Name
2. Title
time devoted to
unrelated business
business
%
(1)
%
(2)
(3)
%
(4)
%
Total. Enter here and on page 1, Part II, line 14
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990-T
Form
(2018)

Download IRS Form 990-T 2018 Exempt Organization Business Income Tax Return (And Proxy Tax Under Section 6033(E))

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