Question: What are “dual use” expenses? Answer: If an expense is incurred both to carry on exempt functions of your nonprofit and to conduct an unrelated business, then you have what is known as a dual use expense. For example, let’s assume your nonprofit’s president is paid $80,000 per year. If he devotes 90% of his… [Read More]
What are “dual use” expenses?
May 28, 2014 by Benjamin Stolz, Esq.
Filed Under: Form 990, Nonprofit Organizations, UBIT/ Unrelated Business Income Tagged With: dual use expense, IRS form 990, UBIT, unrelated business