IRS proposed revised rules for accounting for unrelated business income

2020 ◽  
Vol 2020 (370) ◽  
pp. 5-5
Keyword(s):  
Business Income ◽  
Unrelated Business

Agency problems and unrelated business income of non-profit organizations: an empirical analysis

2004 ◽  
Vol 36 (20) ◽  
pp. 2317-2326 ◽  
Author(s):  
C. Du Bois * ◽  
R. Caers ◽  
M. Jegers ◽  
C. Schepers ◽  
S. De Gieter ◽  
...  
Keyword(s):  
Empirical Analysis ◽  
Agency Problems ◽  
Non Profit ◽  
Business Income ◽  
Non Profit Organizations ◽  
Unrelated Business

Collegiate Athletics and the Unrelated Business Income Tax

1994 ◽  
Vol 8 (1) ◽  
pp. 36-48 ◽  
Author(s):  
Caroline Kern Craig ◽  
Karen Weisman
Keyword(s):  
Income Tax ◽  
Sport Management ◽  
Collegiate Athletics ◽  
Athletic Programs ◽  
Athletic Administrators ◽  
Court Cases ◽  
High Profile ◽  
Revenue Sources ◽  
Business Income ◽  
Unrelated Business

In recent years, many university athletic programs have turned to program and scoreboard advertisements, corporate sponsorships, and other nontraditional sources of revenue to supplement their operating budgets. As confirmed by several high-profile court cases, these nontraditional revenue sources can be subject to federal unrelated business income tax—-a consequence often overlooked by athletic administrators and those involved in sport management programs. This article discusses the unrelated business income tax and its impact on collegiate athletic programs. Court cases and Internal Revenue Service pronouncements are reviewed, where applicable. Compliance and planning issues are also briefly addressed.

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