Nicole Ansiaux, Senior I, Tax Services

Recent Posts

Investment income:  Recognize UBI when you see it

Posted by Nicole Ansiaux, Senior I, Tax Services on Aug 2, 2017

Most not-for-profit leaders understand a principal truth of their tax-exempt status: The IRS generally considers any revenue they take in that’s not related to their mission to be unrelated business income (UBI), and that income is subject to tax. Not-for-profits that don’t pay tax on that income face the possibility of back taxes, penalties and interest — and, in extreme cases, the loss of their tax-exempt status.

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Topics: Accounting Tips, Not-for-Profit, Tax

Avoiding UBIT: Follow the rules for corporate sponsorships

Posted by Nicole Ansiaux, Senior I, Tax Services on Nov 9, 2016

Many non-profits dream of landing hefty corporate sponsorships to help pay for the costs of a conference, fundraiser, or other costly event. Money from deep pockets is optimal, but you don’t want the IRS to consider the payments “paid advertising”, and thus taxable as unrelated business income.

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Topics: Accounting Tips, Not-for-Profit, Audit