Unrelated Business Income Tax. The Silverton Symphony Orchestra Hall is a well-established not-for-profit organization exempt under IRC
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Not Subject to UBIT Subject to UBIT 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.
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Yes subject to UBIT No not unrelated business income 1 Sale of Silverton Symphony Orc...View the full answer
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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