UBIT along with all departments at UB are dedicated to an accessible environment, which involves collaboration and feedback both within and outside the university. According to the 2024 UBIT Student ...

Unrelated Business Income Tax (UBIT) The IRS allows Purdue University, a tax-exempt organization, an exemption from federal income taxes due to its classification as a 501(c)(3) organization; and as ...

We work closely with the Finance and Tax Departments to advise on a wide range of issues relating to non-profit corporation law, unrelated business income tax (UBIT), the University’s endowment and ...

The tax imposed is often referred to as UBIT (unrelated business income tax). It is sometimes questionable whether this tax is really owed as there is no bright line rule for determining its ...

Keeping up with UBIT A number of resources are available to CPAs serving not-for-profits and to those organizations’ in-house financial teams. IRS Publication 598, Tax on Unrelated Business Income of ...

Unrelated Business Income Tax (UBIT) The IRS allows Purdue University, a tax-exempt organization, an exemption from federal income taxes due to its classification as a 501(c)(3) organization; and as ...