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 ...

Discover passive losses in investing, including their meaning, how they occur in non-participant activities, and ways to offset them using guidance from the IRS.

Both states and taxpayers have struggled with how to correctly source service receipts for apportionment purposes. The myriad of state sourcing provisions certainly do not add any clarity to the issue ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

It's always helpful to have some extra money, but it's particularly important in today's economic climate. With inflation still high and the costs of everything from grocery shopping to veterinary ...

While the most obvious reason for nonprofits to initiate earned-income activities is to generate funds to support their mission, other important benefits often emerge as well. In “Business Ventures Go ...