SEE-2 - Specialized Returns and Taxpayers - Section 3.2

Apply tax-exempt organization rules, including Section 501(c)(3) qualification, the annual Form 990 series filing, and unrelated business income tax.

Identify the requirements for Section 501(c)(3) tax-exempt status and the annual information-return obligation, including which Form 990, 990-EZ, or 990-N an organisation must file based on its gross receipts. Apply the unrelated business income tax (UBIT) on Form 990-T to income from a trade or business regularly carried on that is not substantially related to the exempt purpose, and recognise the exceptions.

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