What is UBIT?
UBIT is Unrelated Business Income Tax.
- Even though an organization is recognized as tax exempt, it still may be liable for tax on its unrelated business income.
- For most organizations, unrelated business income is income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis of the organization's exemption.
Do you think you have UBIT activities in your organizational unit?
Tell us about the activity, using the form below.