With some exceptions, organizations subject to the unrelated business income tax under Section 511 that have more than one unrelated trade or business may rely on a “reasonable, good-faith ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

Charities and other exempt organizations face higher taxes, more complex returns and tough investment decisions under new unrelated business income tax rules effective for 2018. Despite recent ...

Unrelated Business Taxable Income (UBTI) is the income that can trigger Unrelated Business Income Tax (UBIT) for tax-exempt organizations and retirement accounts. Investors can own MLPs directly in ...

The U.S. Court of Appeals for the Ninth Circuit, in an unpublished per curiam opinion affirming the Tax Court, held that an individual can’t deduct from his personal income the unrelated business ...

Charitable endowments all over the country are at a critical juncture. Many have experienced a considerable reduction in assets due to the stock market downturn. Students, sent home from campus as a ...

One of the major elements of the 2017 Tax Cuts and Jobs Act (the "Act") was the reduction in the maximum corporate tax rate from 35% to 21%. The corporate tax reduction has been warmly received by ...

Since the creation of individual retirement accounts (“IRAs”) the Internal Revenue Service (“IRS”) has always permitted an IRA or other retirement account to purchase, hold, or flip real estate. In ...

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The Tax Court held that a Sec. 501(c)(7) social club could not deduct losses from nonmember sales to offset investment income because the club failed to establish a profit motive for its nonmember ...