UBI

(redirected from Unrelated Business Income)
Also found in: Financial.
Category filter:
AcronymDefinition
UBIUniversal Basic Income
UBIUsage-Based Insurance (automobile insurance)
UBIUniversidade da Beira Interior (Portugal)
UBIUniversity of Beira Interior (Portugal)
UBIUnconditional Basic Income
UBIUnited Bank of India
UBIUnited Barcode Industries
UBIUnrelated Business Income
UBIUnified Business Identifier
UBIUnited Bicycle Institute
UBIUKW-Sprechfunkzeugnis für den Binnenschifffahrtsfunk (German: internationally valid radio certification)
UBIUnited Business Institutes
UBIUltraviolet Blood Irradiation
UBIUnexplained Beer Injury
UBIUltrasonic Borehole Imager (Schlumberger borehole logging tool)
UBIUseless Bits of Information
UBIUnified Business ID (Washington)
UBIUnidentified Beer Injury
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
Because each unrelated business income activity must be tracked and reported separately, one might assume that all rental real estate activities would constitute a single activity and all alternative investment activities would constitute another activity.
An organization that receives $1,000 or more in gross unrelated business income in a tax year is required to file Form 990-T, Exempt Organization Business Income Tax Return, to determine the amount of unrelated business income tax liability.
The IRA owed unrelated business income taxes as a result.
Tax-exempt organizations should be aware that even if they are in an overall loss position for UBTI purposes, state-level allocated UBTI may be positive in certain states, and therefore state income/franchise tax liabilities can still exist even when the federal unrelated business income tax liability is zero.
A common type of unrelated business income is advertising.
The Internal Revenue Service (IRS) has been reviewing state-chartered credit union activities (federal credit unions are exempt) to determine compliance with unrelated business income tax (UBIT) requirements, but such determinations are difficult due to complicated criteria and because many credit unions file group rather than individual returns.
Then the IRS will attribute the magazine's advertising revenues to the association, resulting in unrelated business income tax for the association.
Assuming the income consists of dividends, interest, and capital gains, this shouldn't result in any tax under the unrelated business income tax rules.
MARY ANN HOFMANN, The Unrelated Business Income Tax and Cost Shifting by Certain Exempt Membership Organizations, Ph.D., Arizona State University, 2002; Associate Professor of Accounting, Andrews University.
It also covers exemption issues, unrelated business income tax, the special rules applicable to private foundations, tax rules applicable to unrelated business income, and the tax and reporting rules applicable to political organizations.
Not unless they have UBIT (Unrelated Business Income Tax).
It is targeted to organizational executives and their tax counsel and also includes information regarding unrelated business income taxes and IRS compliance issues.