Federal, State Tax Reporting


Purpose
To specify the process that the AUI follows to file the required annual IRS Form 990 and a State Tax Return.
Procedures
    1. The NRAO Fiscal Officer prepares the form 990 with assistance from BDO USA Tax Services.
    2. The AUI Controller reviews the draft IRS Form 990.
    3. The draft Form 990 is then submitted to the AUI Audit Committee for the review on behalf of the AUI Board of Trustees. After the Audit Committee’s review, the Form 990 is provided to the AUI Board of Trustees for their comments.
    4. After all comments have been cleared the Form 990 is submitted to the IRS