Match the following statements.
-The trade or business is not substantially related to the exempt purpose of the organization.
A)Exempt from tax on unrelated business.
B)Inappropriate definition.
C)Exempt organization may be subject to the tax on unrelated business income.
D)Annual information return of an exempt organization that is required to file a return and which is not a private foundation.
E)Appropriate definition.
F)Annual information return of a private foundation.

Question

Quizplus · Accepted Answer

An exempt organization may be subject to tax on unrelated business income if the trade or business is not substantially related to its exempt purpose.

Match the Following Statements