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Unrelated Business Income

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Revision as of 18:18, 16 November 2007 by 166.70.37.46 (talk) (New page: '''Unrelated Business Income (UBI)''' is when you make money in a way that is not related to your mission statement. == Criteria == For most organizations, an activity is an unrelated bu...)
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Unrelated Business Income (UBI) is when you make money in a way that is not related to your mission statement.

Criteria

For most organizations, an activity is an unrelated business (and subject to unrelated business income tax) if it meets three requirements:

  1. It is a trade or business,
  2. It is regularly carried on, and
  3. It is not substantially related to furthering the exempt purpose of the organization.

Exceptions

References