1.513-1(e)(3)). Additional Information on Unrelated Business Income In addition to the information above, please refer to IRS Publication 598: Tax on Unrelated Business Income of Exempt Organization.

Statutory Exceptions – Even if an activity meets the definition of an unrelated trade or business, it may not be subject to tax if it meets the following criteria: Modifications to Income – The ...

and tax writer. UBTI is income earned by a tax-exempt entity from activities unrelated to its exempt purpose. Unrelated Business Taxable Income (UBTI) is the income earned by a tax-exempt entity ...

This means RIT does not have to pay federal income tax on income earned from its educational and research activities. However, if RIT engages in activities unrelated to its exempt purposes, the income ...