1999
Department of the Treasury
Internal Revenue Service
Instructions for Form 990-T
Exempt Organization Business Income Tax Return
Section references are to the Internal Revenue Code unless otherwise noted.
Contents
Page
Pending Legislation
At the time of printing, Congress was
considering legislation affecting these
instructions. Included in the pending
legislation are provisions that would
change the definition of a capital asset,
modify the treatment of gains from
constructive ownership transactions,
repeal the use of the installment method
for certain taxpayers, and limit the use of
the nonaccrual experience method of
accounting. See Pub. 553, Highlights of
1999 Tax Changes, to find out if this
legislation was enacted, and details on
the changes.
Change To Note
New rules for determining whether an
organization must use the Electronic
Funds Transfer Payment System
(EFTPS) to make Federal tax deposits are
effective beginning January 1, 2000. For
details, see Electronic Deposit
Requirements on page 3.
Photographs of Missing
Children
The Internal Revenue Service is a proud
partner with the National Center for
Missing and Exploited Children.
Photographs of missing children selected
by the Center may appear in instructions
on pages that would otherwise be blank.
You can help bring these children home
by looking at the photographs and calling
1-800-THE-LOST (1-800-843-5678) if you
recognize a child.
Unresolved Tax Problems
Most problems can be resolved with one
contact either by calling, writing, or visiting
an IRS office. But if the organization has
tried unsuccessfully to resolve a problem
with the IRS, it should contact the
Taxpayer Advocate's office. The
organization will be assigned a personal
advocate who is in the best position to try
to resolve the problem.
Contact the Taxpayer Advocate if the
organization:
l Is suffering or about to suffer a
significant hardship.
l Is facing an immediate threat of
adverse action.
l Will incur significant costs if relief is not
granted (including fees for professional
representation).
l Will suffer irreparable injury or
long-term adverse impact if relief is not
granted.
l Has experienced a delay of more than
30 calendar days to resolve a tax problem
or inquiry.
l Has not received a response or
resolution to the problem by the date
promised.
The organization may contact a
Taxpayer Advocate by calling a new
toll-free assistance number,
1-877-777-4778. Persons who have
access to TTY/TTD equipment may call
1-800-829-4059 and ask for the Taxpayer
Advocate. If the organization prefers, it
may write to the Taxpayer Advocate at the
IRS office that last contacted the
organization.
While Taxpayer Advocates cannot
change the tax law or make a technical
tax decision, they can clear up problems
that resulted from previous contacts and
ensure that the organization's case is
given a complete and impartial review.
For more information about the Taxpayer
Advocate see Pub. 1546.
Phone Help
If you have questions and/or need help
completing this form, please call
1-877-829-5500. This toll-free telephone
service is available Monday through
Friday from 8:00 a.m. to 9:30 p.m.
Eastern time.
How To Get Forms and
Publications
Personal Computer
You can access the IRS's Internet Web
Site 24 hours a day, 7 days a week at
www.irs.gov to:
l Download forms, instructions, and
publications.
l See answers to frequently asked tax
questions.
l Search publications on-line by topic or
keyword.
l Send us comments or request help by
e-mail.
l Sign up to receive local and national tax
news by e-mail.
You can reach us using file transfer
protocol at ftp.irs.gov.
General Instructions
Purpose of Form
. . . . . . . . . .
2
Who Must File
. . . . . . . . . . .
2
Definitions . . . . . . . . . . . . . .
2
When To File
. . . . . . . . . . . .
3
Where To File . . . . . . . . . . . .
3
Estimated Taxes
. . . . . . . . . .
3
Depository Method of Tax Payment
3
Interest and Penalties . . . . . . . .
4
Which Parts To Complete . . . . . .
4
Consolidated Returns
. . . . . . . .
4
Other Forms You May Need To File
5
Accounting Methods
. . . . . . . .
5
Accounting Period . . . . . . . . . .
5
Reporting Form 990-T Information on
Other Returns . . . . . . . . . . .
6
Rounding Off to Whole Dollars
. . .
6
Attachments . . . . . . . . . . . . .
6
Specific Instructions
Period covered
. . . . . . . . . . .
6
Name and address
. . . . . . . . .
6
Blocks A through J
. . . . . . . . .
6
Part l—Unrelated Trade or Business
Income
. . . . . . . . . . . . . .
6
Part ll—Deductions Not Taken
Elsewhere . . . . . . . . . . . . .
9
Part Ill—Tax Computation . . . . . . 12
Part IV—Tax and Payments
. . . .
13
Part V—Statements Regarding Certain
Activities and Other Information
.
14
Signature
. . . . . . . . . . . . . .
14
Schedule A—Cost of Goods Sold
.
15
Schedule C—Rent Income
. . . . .
15
Schedule E—Unrelated Debt-
Financed Income
. . . . . . . . .
15
Schedule F—lnterest, Annuities,
Royalties, and Rents From
Controlled Organizations
. . . . .
16
Schedule G—lnvestment Income of a
Section 501(c)(7), (9), or (17)
Organization
. . . . . . . . . . .
17
Schedule I—Exploited Exempt Activity
Income, Other Than Advertising
Income
. . . . . . . . . . . . . .
17
Schedule J—Advertising Income
. .
18
Schedule K—Compensation of
Officers, Directors, and Trustees
.
18
Paperwork Reduction Act Notice
. .
18
Codes for Unrelated Business Activity 19
Cat. No. 11292U
