AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Cpa office bingo11/19/2023 While most income earned by a nonprofit is non-taxable, an organization may owe tax on UBTI items. UBTI was established in 1950 to ensure nonprofits competed fairly with for-profit companies in profit-generating activities. The IRS has a law regarding Unrelated Business Taxable Income (UBTI), which is basically income earned by a non-profit organization that's not related to the purpose of the entity. I don't know if this game is still popular today, but the IRS is very concerned about it. I remember playing this game with my grandmother before she died. I'm talking about the game where each player receives a card and tries to match the numbers on their card to the ones called out by the person running the game.
0 Comments
Read More
Leave a Reply. |