R3 - Exempt Organizations, Multi-Jurisdictional Tax issues in Federal Taxation & Other tax issues.

Question 1

An exempt organization is not taxed on unrelated business income (UBI) of less than

Answer 1

$1,000

Question 2

The private foundation status of an exempt organization will terminate if it:

Answer 2

Becomes a public charity.

Question 3

One example of an exempt organization that must file an annual information return?

Answer 3

Private Foundation

Question 4

Transfer pricing issues exist when:

Answer 4

A U.S.-based taxpayer shares costs with an affiliate that either (i) is not subject to the U.S. income tax or (ii) does not file a consolidated income tax return with the U.S.-based taxpayer.