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.

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.

* Please note that the "parking tax" provision in the 2017 Tax Cuts and Jobs Act was repealed on December 20, 2019.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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