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In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI). Dividends, interest, rents, annuities and other investment income generally are excluded when calculating unrelated business income tax (UBIT). However, there are two exceptions where such income is taxable.
August 24, 2017 Stuart Mordfin, CPA, CGMA dividends, tangible personal property, interest, investment income, real estate, income producing asset, income producing property, controlled nonprofit, nonprofit, UBIT, unrelated business income, rents, annuities, unrelated business income tax, debt financed property, stocks, borrowed funds, acquisition indebtedness, unrelated trade or business, research activities, volunteer workforce, donated merchandise, neighborhood land rule, controlled organizations, for profit subsidiary, beneficial interest
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