Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2019 Cumulative Supplement, 5th Edition

CHAPTER 19Maintaining Exempt Status

1. § 19.1 Checklists

§ 19.1 Checklists

p. 566. Add to bullet list:

• Exhibit 19.13, Annual Tax Compliance Issues for a Private Foundation

pp. 580–582. Replace Exhibits 19.8 and 19.9:

EXHIBIT 19.8

Annual Tax Compliance Checklist

UNRELATED BUSINESS INCOME

Organization

Prepared by ___________________ Reviewed with _________________ Date_______________

A. Unrelated Business Income
1.	Does the EO sell goods or services in an activity that is not related to or does not further its exempt purposes?[§§ 21.4 and 21.5]
2.	Does the “related business” have a commercial taint? If so, complete Commerciality Test [Exhibit 21.1]
3.	Are revenues and codes correctly reported on Form 990, Part VIII?	_____________
4.	Is the business activity substantial (as measured by gross revenue or staff time devoted to it) in relation to the organization's exempt activity? [§ 21.3]	_____________
5.	Does the organization do any of the following:	_____________
5a.	Sell advertisements in its publications? [§ 21.8(d) and Exhibit 21.4 for calculation of taxable portion]	_____________
5b.	Provide substantial benefits for corporate sponsorships? [§ 21.8(e)]	_____________
5c.	Rent personal or real property? [§ 21.10(c)]	_____________
5d.	Earn any income from indebted property, margin accounts, or loans? [§ 21.12]	_____________
5e.	Receive revenues from Subchapter S corporation or partnership? [§ 21.10 g]	_____________
5f.	Receive interest, dividends, ...