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CLA Talks Video: Nonprofits and Unrelated Business Income
IRS actions against nonprofit organizations are on the rise, and one of the areas getting plenty of attention is unrelated business income (UBI). In this eight-minute video Rob Nowak, a principal with CliftonLarsonAllen working with nonprofits on tax issues, talks about:
- The IRS definition of UBI
- Some of the gray areas left to individual interpretation
- What organizations can do to stay within the boundaries of what is allowed
Nowak’s comments are relevant for leaders of all types of tax-exempt organizations, including associations and membership organizations; foundations; arts and cultural organizations; and social services organizations.