Unrelated Business Income Tax (UBIT)
For tax-exempt and nonprofit organizations, the Unrealted Business Income Tax (UBIT) obligation can be a confounding compliance challenge. Miller Kaplan Arase LLP has extensive experience managing our client’s UBIT reporting burden, as required by federal and state tax authorities.
Miller Kaplan’s full-service audit, tax and advisory offerings to nonprofits and tax-exempt groups make UBIT services a natural extension of our work with the following organizations and groups:
- Employer Benefit Plans
- Higher Education
- Labor Organizations
- Private Foundations
- Research Institutes
Guiding Clients in UBIT Obligations
When working with nonprofits and tax-exempt organizations, Miller Kaplan partners assist clients to identify and evaluate possible UBIT liabilities, as we determine the applicability of criteria related to regular trade and business activities, and differentiate between income sources and income use. We also search for deductions and consider expense allocations.
Our active involvement in the nonprofit and tax-exempt sectors means Miller Kaplan partners remain current on all UBIT exclusions and exceptions, as we add efficiency and value to each engagement.