Unrelated Business Income

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Unrelated Business Income

Income a nonprofit organization produces on a regular basis from a trade or business that is not connected to its ordinary operations. For example, a charity may sell t-shirts at a profit to the general public. While there are a number of exemptions, the IRS taxes unrelated business income at ordinary corporate tax rates.
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We are proud to execute this transaction with UBI Banca which has been our financing partner in Italy since our successful market entry in 2010.
In recent times, UBI has launched online savings account opening, online FD account opening, RuPay International chip debit card and Mudra Card facilities.
These findings indicate that carriers' current approaches to UBI are no longer sufficient, and that it's time to retool and promote UBI in different ways, LexisNexis suggests.
In September, the UBI had declared Kingfisher Airlines and its chairman Vijay Mallya wilful defaulters for non- payment of ` 400 crore worth dues.
The other important benefit to taking a discount-only approach to UBI is that it helps drive consumer acceptance.
The system uses a projector and Kinect together with the software developed by Ubi Interactive allowing companies to create interactive touchscreens on virtually any flat surface.
With this combination of HIMEX's UBI 3D game-based platform with Sprint's wireless data network and M2M network infrastructure, HIMEX is expected to now be able to deliver insurance organisations the most effective UBI solution available with the highest level of customer service and support.
Future growth of UBI will be increasingly driven by smartphones wirelessly connecting to the OBD (On-Board Diagnostics) bus via Bluetooth adapters.
Similarly, common customers of BSNL and UBI can top up their mobiles through the registered mobile as well.
Additional EUR 40 million will be paid to UBI Banca in the future.
Although the current IRS Compliance Questionnaire targets colleges and universities, all exempt organizations should be aware of the issues regarding UBI and address them accordingly.
Although buying Eidos, which created the hit series Tomb Raiders starring Lara Croft, would allow Ubi Soft to expand, analysts said the funding would stretch its already tight finances and penalise its shareholders.