Which of the following statements regarding the unrelated business income tax is correct?
A) Private foundations are subject to the unrelated business income tax.
B) Bingo games are not subject to the unrelated business income tax if they are conducted by an exempt organization.
C) The exchange or rental of membership lists with other exempt and nonexempt organizations is not an unrelated trade or business.
D) All of these statements are correct.
E) None of these statements is correct.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements regarding the unrelated business income tax is correct?
A) Private foundations are subject to the unrelated business income tax.
B) Bingo games are not subject to the unrelated business income tax if they are conducted by an exempt organization.
C) The exchange or rental of membership lists with other exempt and nonexempt organizations is not an unrelated trade or business.
D) All of these statements are correct.
E) None of these statements is correct.

Which of the Following Statements Regarding the Unrelated Business Income