Earn CPE as you learn about the types of activities that may result in unrelated business income tax.
NASBA Field of Study
MTAX and William E. Turco, McGladrey LLP
A not-for-profit (NFP) may be liable for federal income taxes if it generates certain types of income from business activities that are unrelated to its tax-exempt purpose or mission. Common examples include sales of merchandise, provision of services to unrelated entities, advertising, leasing of facilities, and certain investment income. This CPE course provides an overview of the tax compliance issues related to unrelated business income taxes (UBIT). You will learn about the various types of activities that may result in UBIT and the common statutory exceptions and exclusions available under federal tax law.
Group ordering for your team
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