
If you are a student of Business Studies, or an individual willing to get a job that includes dealing with taxes; you might have come across the term "Unrelated Business Income" or UBI. If you're a part of a nonprofit organization, you must know what unrelated business income is. It is important to understand the difference between related and unrelated business income terms to avoid future complication in reporting to the government agencies.
We will cover in today's program about criteria to recognize and report unrelated income from a nonprofit organization.
You're with your host Zaina Rafique at DueFlixVoicFM. In our programs, we invite individuals who have a successful record and have made outstanding achievements in specialized areas.
We urge you to support DueClixVoice.FM in any way you can, so that you help us propagate information across the globe. We roll out information in the simplest, most precise and most accurate way.
Joining us today as our guest is Monazza Aarfa as spokesperson of InfoTaxSquare.com which has registered thousands of religious and nonreligious organizations across the United States for US residents and non-United States residents.
Frequently Asked Questions
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It's ironic that Unrelated Business Income is related to the common folks some way or the other. There is a lot of confusion regarding the concept of Unrelated Income. There often is a lack of concise information for individuals to refer to.
Thank you so much Monazza Aarfa for sharing this information with us. You not only mentioned the official and legal perspectives but also provided real life situations and examples, which, I am pretty sure have helped our audiences clear out the nebulous sight of Unrelated Income.
Programs with guests like these help serve as a reminder as to why we must educate ourselves with these relevant concepts and keep ourselves informed with the correct information!