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by fanzhang
2707 days ago
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I think generally UBTI refers to income that is actually unrelated to the good the nonprofit purports to do. For example, Princeton a nonprofit can totally charge tuition and use it as a base of funding, and not pay taxes on that. They can even sell their students food in cafeteria and not pay income tax. [1] But they can't start a food franchise and not pay tax. This software seems clearly within their registration statement. Now if they started selling software consulting as their major source of funding... In any case, I agree checking with your accountant is the best. [1] https://fms.iu.edu/tax/ubit/ |
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