Unrelated Business Income

Also found in: Acronyms, Wikipedia

0.03 sec.

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.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Form 990-T Form 990-W Inst 990-T Publication 598			In May, a federal jury ruled that the IRS erroneously levied the unrelated business income tax (UBIT) on three financial products sold by Community First Credit Union. No IRS appeal on UBIT by Credit Union Times The Court of Federal Claims ruled that a tax-exempt voluntary employees' beneficiary association (VEBA) recognized income subject to the unrelated business income tax (UBIT) because it exceeded the amount the VEBA could set aside to pay benefits. VEBA's excess set-aside is UBI by Schnee, Edward J. / Journal of Accountancy As a result, revenue might come from an unrelated trade or business (IRC Section 513(a)) and therefore subject to unrelated business income tax (UBIT) if you regularly carry on the activity. Nonprofit publishing: how to treat advertising activities by a ... by Berger, Harvey J.; Goller, D. Greg; Winter, William / The Non-profit Times			Unmanaged Portfolio Unmargined account Unmatched Book Unmerchantable Unofficial Service Charge Unpaid Balance Unpaid Dividend Unparted Bullion Unpeg Unperfected Lien Unpriced Unprofitable Unqualified Mail Unqualified Opinion Unquoted Company Unquoted Security Unrealized Appreciation Unrealized capital gain/loss unrealized gain Unrealized Loss unrecognized gain Unrecorded Deed unrecorded deeds Unregistered Exchange Unregistered Security Unrelated Business Income Unrelated Business Tax Income Unrelated Person Unrestricted Letter of Credit Unrestricted Net Assets Unsatisfied Judgment Fund Unscheduled Property Floater Unseasoned Issue Unsecured Bond Unsecured Creditor unsecured creditors Unsecured Debt Unsecured Liability unsecured loan Unsecured Loan Stock Unsettled Transaction Unskilled Work Unskilled Worker Unsold Unsponsored American Depositary Receipt Unsponsored American Depository Receipt Unstable Transition unstated interest Unstated Interest Paid Unsterilized Intervention Unsubscribed			unregretful unregretful unregretted unregretting unregretting unregular unregularity unregulated unregulated Unregulated Collective Investment Scheme Unregulated Contaminant Monitoring Rule Unregulated Heating Oil Tank Unregulated market Unregulated market Unregulated Terms of Service unrehearsed unrehearsed Unreimbursed Medical Spending Account Unreimbursed Partnership Expenses Unrein unreined unreinforced concrete Unreinforced Masonry UNREL unrelated unrelated Unrelated Adult Male Unrelated Bone Marrow Donor Registry Unrelated Bone Marrow Donor Search Unrelated Bone Marrow Transplants Unrelated Business Income Unrelated Business Income Tax Unrelated Business Incomes Unrelated Business Tax Income Unrelated Business Taxable Income Unrelated Cord Blood Transplantation Unrelated Debt-Financed Income Unrelated Donor Unrelated Donor Bone Marrow Transplants Unrelated Donor Stem Cell Transplantation unrelated frequencies Unrelated Person Unrelated Persons Unrelated Volunteer Donors unrelatedness unrelatedness unrelaxed unrelaxed unrelaxing UNRELBL unreleased Unreleased stop Unreleased Weezer for the Masses unrelenting unrelenting unrelentingly unrelentingly unrelentingness unrelentingness unreliability unreliability

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.