Tag Archives: UBIT

IRS Guidance on UBIT Silos – 512(a)(6) – PART II

In Part I of this two-part article on IRS Notice 2018-67 regarding the calculation of unrelated business taxable income (UBTI) under the Tax Cuts and Jobs Act (TCJA), we discussed the need to separate different lines of unrelated business activities, which is now required … Continue reading

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GOP 2017 Tax Act Forces Nonprofits to Pay UBIT on Some Fringe Benefits

By: Philip Hackney In the new tax act of 2017, Congress imposed an unrelated business income tax on transportation and athletic facility fringe benefits that the nonprofit provides to its employees. I write because I suspect there are universities or … Continue reading

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