The Application of Unrelated Business Income Tax (“UBIT”) to Exempt Organizations

The Tax Development Journal, Vol 1 (2009)

The Application of Unrelated Business Income Tax (“UBIT”) to Exempt Organizations

Nikhil Bassi, EA

Abstract

The Code imposes a tax on unrelated business taxable income on organizations described in §401(a) and §501(c). Additionally, some government entities (state colleges and universities) are subject to the unrelated business income tax.

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