A pension or welfare plan’s investment in a private equity or real estate partnership, among other investment funds, may give rise to “unrelated business income tax” (“UBIT”). In recent years, this ...

UB Information Technology (UBIT) helps to foster an accessible, inclusive environment at the University at Buffalo with a range of accessible technology tools and information available for students, ...

The Mayo Clinic’s activities met the requirements to be treated as educational and thereby were not subject to liability for unrelated business income tax (UBIT), a district court held. Issues: To ...

The IRS allows Purdue University, a tax-exempt organization, an exemption from federal income taxes due to its classification as a 501(c)(3) organization; and as an instrumentality of the State of ...

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 ...

From David T. Leibell and Daniel L. Daniels, principals in Cummings & Lockwood LLC in Stamford, Conn., we have this update: The Internal Revenue Service has ruled that a charitable remainder trust's ...

Unrelated Business Income Tax (UBIT) is a federal tax imposed on the income generated by tax-exempt organizations, including universities, when they engage in revenue-generating activities that are ...