Do nonprofits file tax returns? Most tax-exempt organizations are required to file annual tax returns with the IRS. Even though most tax-exempt nonprofit organizations do not pay federal taxes on ...
Nonprofit Law Basics: What is UBIT (Unrelated Business Income Tax)? What is UBTI (Unrelated Business Taxable Income)?
What is UBIT (Unrelated Business Income Tax)? Is this the same as UBTI (Unrelated Business Taxable Income)? The acronyms UBTI and UBIT are often used interchangeably. UBTI (Unrelated Business ...
Implications of the Tax Cuts and Jobs Act on Tax-Exempt Organizations
Just because you’re tax-exempt doesn’t mean you’re exempt from tax laws. In fact, it’s quite the contrary! When there is major sweeping change to national tax laws, many organizations are left ...