New UBIT Changes: Interim Guidance

In December 2017, Congress rushed through extensive tax law changes including a sprinkling of provisions directly affecting nonprofit organizations. Many were unexpected and hastily - that is, sloppily - drafted with immediate effective dates instead of the typical phase-in schedule. On January 1, 2018, the nonprofit community and its advisers faced difficult compliance duties with little or no guidance from the Read More

Unrelated Business Income Tax: Volunteer Labor Exclusion

Having too much “unrelated business income” (UBI) is right up there with four other sure-fire ways to sink your valuable 501(c)(3) tax exemption: engaging in political-campaign activity, doing too much lobbying, setting up operations and activities that produce too much private benefit, and forgetting to file Form 990s.   The Unrelated Business Income Rules In The Fourth Way to Sink Your Tax Exemption: Too Much Read More