Which of the following requirements are among the three requirements that must be satisfied for an exempt organization to be subject to the unrelated business income tax?
A)The exempt organization conducts a trade or business.
B)The trade or business is substantially related to the exempt purpose of the organization.
C)The trade or business normally generates an annual profit of at least $25,000.
D)Only a.and c.
E)a. ,b. ,and c.

Question

Quizplus · Accepted Answer

For an exempt organization to be subject to the unrelated business income tax, the activity must be a trade or business, it must be regularly carried on, and it must not be substantially related to the organization's exempt purpose.

Which of the Following Requirements Are Among the Three Requirements