Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 7.00

Silverton Symphony Orchestra Hall

Unrelated Business Income Tax. The Silverton Symphony Orchestra Hall is a well-established not-for-profit organization exempt under IRC Sec. 501(c)(3) that owns a facility that is home to the local symphony orchestra. Its mission is to increase access to the arts for the community of Silverton. The facility is used throughout the year for many activities. Which of the following regularly conducted activities of Silverton Symphony Hall are subject to unrelated business income tax?

1. Sale of Silverton Symphony Orchestra Concert CDs in the facility’s gift shop.

2. Rental of the facility to the high school drama club.

3. Rental of two apartments in the facility to the symphony.

4. Sale of the season ticket membership list to a local music store.

5. Rental of the facility to the state CPA association for continuing professional education events.

6. Internet sales of gift shop items with the Silverton Symphony Orchestra logo.

7. Lease of the facility’s parking lot to the local university on football game days.

Subject Not Subject

Subject Not Subject

 

 

 

 

 

 

 

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 05:03 AM My Price 7.00

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