How to Walk the Tightrope of Exempt Organization Unrelated Business Income (“UBIT”)
Exempt organizations under Internal Revenue Code (“IRC”) Section 501(c)(3) walk a tightrope when it comes to commercial activities. Is the activity related or unrelated to the organization’s exempt purpose? Is the activity substantial or insubstantial? Depending on the answers to these and other questions, your organization could be in the clear or face taxes or even possible revocation of its exemption.
In this 30-minute live webinar, Blank Rome Partner Sean Weissbart will unravel the mysteries of exempt organization commercial activity and Unrelated Business Taxable Income (“UBIT”). Among other things, Sean will discuss:
- The three requirements for UBIT in IRC Section 512
- The myriad of exceptions for UBIT
- Special rules for debt-financed property
- How to position your exempt organization for success
To RSVP for the webinar, please go to webinar registration page.
QUESTIONS? Contact Brad Mease by e-mail.