For the unrelated business income tax to be imposed on an exempt organization,which of the following is not a factor that must be present?
A)The trade or business is not substantially related to the exempt purpose of the organization.
B)The organization is a private foundation.
C)The trade or business is regularly carried on by the organization.
D)The organization conducts a trade or business.
E)All of the factors must be present for the tax to be imposed.

Question

Quizplus · Accepted Answer

There is no requirement that the exempt organization be a private foundation.

For the Unrelated Business Income Tax to Be Imposed on an Exempt