Not-for-Profit Tax Compliance Resources

UBIT Resources

UBIT Primer: What All Nonprofits Should Know (PDF)
Unrelated business income tax (UBIT) can cause headaches for many who work with tax exempt organizations. Be it a college, hospital, church, outreach group, or local chapter of a national organization, all need to know about UBIT – and how these rules might affect their organization.

UBIT: Times, they are a'changing...
The 2017 Tax Act significantly impacted unrelated business income taxes (UBIT) for tax-exempt organizations. This article highlights some key points you’ll want to be aware of.

How to Claim your Parking Tax (UBIT) Refund
After the retroactive repeal of I.R.C. Section 512(a)(7), aka the “parking tax,” many nonprofits are wondering how to claim a refund of the unrelated business income tax they paid on disallowed fringe benefits. The IRS has said amended returns will be required.

UBIT: Tips, Tricks, and Traps*
Visit the NFP webcast archive to view this webcast. Look for the date, November 28, 2018.

Podcast: New Developments in UBIT for Not-for-Profits*
Complying with the IRS's unrelated business income tax rules can be a challenge for not-for-profits. Learn how recent legislative changes might result in greater complexity and tax liability for tax-exempt organizations.

* Please note that the "parking tax" provision in the 2017 Tax Cuts and Jobs Act was repealed on December 20, 2019. Podcasts and webcasts covering the broader topic of tax reform for NFPs, including its effects on UBIT, have not been updated to reflect this change.

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