Nuts and Bolts of Unrelated Business Income Tax Academic Article uri icon

abstract

  • This paper summarizes the unrelated business income tax rules as they apply to tax-exempt charitable organizations described in Section 501(c)(3) of the Code. Since the 1950s, the unrelated business income tax has been imposed on a charity’s net income from a regularly carried on trade or business that is unrelated to the charity’s tax-exempt purposes. Often times, the justification for imposing this tax on a charity’s net income from unrelated business activities is that such activities involve unfair competition with the charity’s for-profit counterparts.

author list (cited authors)

  • Helge, T. L.

publication date

  • January 1, 2015 11:11 AM