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Mitigate Your Risk of UBTI
Posted by Joe Giso on Tue, Jan 27, 2015 @ 02:05 PM
 
A recent report from the IRS suggests unrelated business taxable income (UBTI) for tax-exempt organizations will be a key focus of IRS scrutiny as it pursues new government revenues.
 
Not-for-profits earn UBTI from a regularly carried on trade or business that is “not substantially related” to their purpose. Activities qualify as substantially related (and therefore tax-exempt) if a causal relationship exists between the activities generating income and the accomplishment of the entity’s defined mission.
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Topics: not-for-profit, UBTI, Joe Giso

Three Ways to Ensure Your Sponsorship Avoids UBTI
Posted by Richard Scoresby on Tue, May 27, 2014 @ 09:12 AM

Qualified sponsorship payments (QSP) often play a key role in funding not-for-profits and bring mutual benefits to both the not-for-profit organization and the sponsoring company. The not-for-profit receives tax-exempt funding that eases budgetary pressures, and the sponsoring company can demonstrate its commitment to a charitable cause. Not-for-profits should be careful with sponsorship arrangements, however, because if certain precautions are not taken, there can be tax implications.

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Topics: Richard Scoresby, UBTI, unrelated business taxable income

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