The purpose of Form 990-T

  • Report unrelated business income (including additions to unrelated business taxable income under section 512(a)(7).
  • Figure and report unrelated business income tax liability.
  • Report proxy tax liability.
  • Claim a refund of income tax paid by a regulated investment company (RIC) or a real estate investment trust (REIT), on undistributed long-term capital gain.
  • Request a credit for certain federal excise taxes paid or for small employer health insurance premiums paid.
  • Report unrelated business income tax on reinsurance entities.
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