138.What is the objective of the single audit process? 139.What are major programs with respect to the Single Audit Act of 1984 and amendment of 1996? Distinguish between Type A and Type B programs....

138.What is the objective of the single audit process?

139.What are major programs with respect to the Single Audit Act of 1984 and amendment of 1996? Distinguish between Type A and Type B programs.

Tax-exempt Organizations

140.What factors would cause income that would otherwise qualify as unrelated business income to not be taxed?

141.The IRS announced that it considers tax-exempt organizations to be one of its four highest enforcement priorities. What are the three areas of concern for the IRS?

143.What is the purpose of the Unrelated Business Income Tax?

144.How is the Unrelated Business Income Tax computed?