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The Key Factors in Determining Whether an Exempt Entity's Income

question 36

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The key factors in determining whether an exempt entity's income from a bingo game is unrelated trade or business income are whether substantially all the work is performed by volunteers and all of the prizes to be awarded are received as donations.


Definitions:

Land Ordinance

A reference to the Land Ordinance of 1785, a law aimed at orderly settlement and division of territory into townships in the United States.

Land Ordinance

Legislation passed by Congress under the Articles of Confederation that established a systematic and orderly process for surveying, selling, and settling lands in the western territories.

Tariffs

Taxes imposed by a government on imported or exported goods.

Land Surveying

The measurement and mapping of land boundaries, topography, and features to determine property lines and design construction projects.

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