Tax Reporting

The UND Controller's office coordinates the filing of UND's Form 990-T, 1099-MISCs, 1099-NECs, and all Foreign Tax Reporting.

990-T Unrelated Business Income Tax

A public higher education institution, like a university, is generally tax-exempt because of its educational mission. However, if the institution earns income from activities that are not directly related to its educational purpose, this income is considered "unrelated business taxable income" (UBTI). Examples of UBTI might include income from a university-operated bookstore or a commercial research project.

The IRS requires institutions to report this unrelated business income using Form 990-T. This form helps ensure that the institution pays taxes on income that doesn't come from its primary educational activities.

Questions Regarding 990-T Unrelated Business Income Tax

Form 1099 Tax Reporting

UND issues Form 1099-MISCs and 1099-NECs as required by the IRS each calendar year. Forms are issued when total reportable payments of at least $600 are made to an individual or certain entities (based on business structure)  during the calendar year. The forms are mailed out near the end of January of the following year.

Questions regarding Form 1099 Tax Reporting