September 16, 1996 Code: AD 96-14
|To: Campus Tax Coordinators|
From: George A. Pardon
Business and Finance
Business Income Tax Worksheet
Attached is the Unrelated Business
Income Tax Worksheet. The worksheet is to be completed by each
campus and returned to the Chancellor's Office to facilitate the
preparation and filing of the systemwide Form 990T tax return.
Also attached are the instructions
for completing the 990T, a list of campus tax coordinators, and
potential taxable income identified by campuses. These materials
and the materials accompanying AD 96-08 should be used to assist
the campus completion of the worksheet.
Once the tax liability has been calculated,
the Chancellor's Office will send a tax bill to the campuses.
These assessments will be based on each campus' net taxable income.
Campuses must remit taxes due immediately upon receipt of their
bill. These funds must be received in time for the finalized
return to be postmarked before the November 15, 1996 due date.
If you have any questions, please
contact Mr. Bill Musselman at (310) 951-4610 or E-Mail @ email@example.com.
GAP:RES:js AD 96-14
Distribution: Presidents (w/out attachments)
Vice Presidents for Administration
Mr. Richard P. West
Mr. Bill Musselman