4 UBIT facts to understand - TheNonProfitTimes: So, you think you know UBIT? It is no secret that unrelated business income tax (UBIT) is a huge headache, as well as a catastrophe waiting for any nonprofit unaware of it.
In his book “Finance Fundamentals for Nonprofits” Woods Bowman presents a few tidbits about UBIT, some of which are well-known and others that are more obscure. All of them could spell trouble for the unaware. For example:
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