Nonprofit organizations may be subject to Unrelated Business Income Tax (UBIT)
Although tax-exempt, a nonprofit organization still may be liable for tax on unrelated business income. Tax-exempt organizations may be liable for federal income tax if they engage in a trade or business which is (1) regularly carried on and (2) unrelated to the exempt purpose of the organization.
Our Attorneys Advise NonProfits on UBIT
Managers of nonprofit organizations often require advice and assistance in distinguishing taxable from nontaxable income, and designing means to avoid unrelated business taxable income. Copilevitz & Canter, LLC, is dedicated to counseling and representing NPOs.
Our attorneys welcome the opportunity to advise and assist your nonprofit on any issues related to nonprofit organizations and unrelated business taxable income. There are a number of exceptions to UBIT. We help our clients understand what is UBIT and how to avoid UBIT.
Contact a Law Firm With Experience and Specialized Knowledge
We, at Copilevitz & Canter, LLC, invite your inquiry on legal issues pertaining to nonprofits. Call or e-mail us to discuss your organization's goals and concerns.