Safeguarding UBI Deductions | Planned Giving Design Center

Safeguarding UBI Deductions | Planned Giving Design Center: The Internal Revenue Service multi-year Colleges and Universities Compliance Project (CUCP) final report was issued in April 2013 and resulted in increases to unrelated business taxable income for 90% of the colleges and universities examined. In this article, PGDC contributing author Dennis Walsh, CPA continues his examination of this report by discussing the definition of a "trade or business" that gives rise to the unrelated business income tax along with steps organizations engaged in such activities should take to minimize their tax exposure.