Section 7. Exempt Organizations and Tax Exempt Bonds›21.7.7 Exempt Organizations and Tax Exempt Bonds›Note:
Section 511 Tax
Internal Revenue Manual Part 21. Customer Account Services · 2026-10-03 edition · updated 2026-10-04 · United States
In order to determine its 4940 tax, a domestic IRC 4947(a)(1) nonexempt charitable trust or taxable private foundation (SC 92) must compute its unrelated business income tax if it has UBIT (unrelated business taxable income).
They:
Must attach the tax computation to the Form 990-PF and report it on Line 2 in Part VI.
May use Form 990-T as the attachment.
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