Changes to 2009 Forms
Updates to the 109 Booklet on 06/28/2010 –– Exempt Organization Business Income Tax Booklet
We replaced text on the 109 Booklet on Page 14, 2009 Tax Rate Schedule for Trusts, last tax rate shown:
46,349 AND OVER 2,156.54 + 9.25% 46,349
46,349 AND OVER 2,156.54 + 9.55%
Reason for the changes
The tax rate was incorrectly stated as 9.25% instead of 9.55%.
This will increase the tax rate by 0.30% which in turn will increase the tax liability.