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Business Income & Receipts and Net Profits Taxes General  Form

Business Income & Receipts and Net Profits Taxes General Form

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there are a few topics that generate more confusion to non-profit managers than unrelated business income or Ubi it's also one of the areas that can cause the most problems for your organization it can cost you money in the form of taxes it could potentially cost your tax exempt status if not properly handled let's take a look at what constitutes unrelated business income and how best to handle it if your non-profit chooses to go down this route foreign [Music] hi I'm Greg McRae founder and CEO of foundation group and welcome again to our 501c3 University Channel where we make non-profit compliance understandable today we're talking about unrelated business income sometimes referred to as unrelated business taxable income acronymed as Ubi or ubti now the IRS defines Ubi as income from a Trader business that is regularly carried on by an exempt organization and that is not substantially related to the performance of the organization or its exempt purpose

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