If your nonprofit engages in inactivity unrelated to its exempt purpose, you may have Unrelated Business Income that is taxable. Unrelated Business Income is the income from a trade or business regularly conducted by an exempt organization and not substantially related to the performance by the organization of its exempt purpose or function, except that… [Read More]
When is Unrelated Business Income Taxable?
May 28, 2014 by Benjamin Stolz, Esq.
Filed Under: Nonprofit Organizations, UBIT/ Unrelated Business Income Tagged With: 501(c)(3), exempt purpose, IRS, nonprofit, UBIT, unrelated business income, unrelated business income tax