Many not-for-profit organizations dread the unrelated business income tax (UBIT) because it can be a challenge to sort out when a not-for-profit’s activities are subject to the tax and when they are ...

Several cash-strapped state and local governments are considering new taxes on not-for-profit organizations, according to a report by the New York Times. The Times listed several recent developments ...

CPAs can help not-for-profits understand what revenue is subject to the unrelated business income tax (UBIT) and navigate the rules surrounding the tax. Under the Sec. 6417 direct-pay election, ...