For an activity to be considered as regularly carried on for purposes of the unrelated business income tax, the activity must be conducted during the work week (i.e., activities performed on the weekend are not considered in determining if the activity is regularly carried on).

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This statement is incorrect. There is no requirement that the activity must be conducted only on weekdays to be considered regularly carried on for purposes of the unrelated business income tax. The IRS looks at various factors to determine whether an activity is regularly carried on, including the frequency and continuity of the activity, the manner in which it is conducted, and the amount of time and effort expended. Weekends can also be considered in this determination.

For an Activity to Be Considered as Regularly Carried on for Purposes