Form 990-T is used to report unrelated business income, which is income from a trade or business, regularly carried on, that is not substantially related to the charitable educational, or other purpose that is the basis of the organization’s exemption. BYU must file Form 990-T each year by the fifteenth day of the fifth month after the end of its calendar year or fiscal period. For BYU, Form 990-T is due annually by May 15.
Laws:
- 26 C.F.R. §§ 1.5111, 1.513-4
Responsible Office:
- Regulatory Accounting