Country Club Loses Unrelated Business Income Case on Appeal

2018 ◽  
Vol 35 (12) ◽  
pp. 2-3
Keyword(s):  
Country Club ◽  
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.

Tax-Motivated Expense Shifting by Tax-Exempt Associations

2007 ◽  
Vol 29 (1) ◽  
pp. 43-60 ◽  
Author(s):  
Mary Ann Hofmann
Keyword(s):  
Regression Model ◽  
Nonprofit Organizations ◽  
Income Tax ◽  
Estimation Model ◽  
Agricultural Associations ◽  
Tax Exempt ◽  
Business Income ◽  
Unrelated Business

Tax-exempt organizations are subject to the Unrelated Business Income Tax (UBIT) on the profits of business activities unrelated to their exempt mission. This study extends recent research on the expense allocations of charitable nonprofit organizations by examining a group of noncharitable nonprofits—primarily trade, labor, and agricultural associations—that differ from charitable nonprofits on a number of dimensions. The paper tests for tax-motivated expense shifting by associations. Data is obtained from the IRS Statistics of Income Division, and is supplemented by data requested from associations. Reported unrelated business expenses are compared to those predicted by a regression model to estimate expense shifting. Associations are estimated to shift approximately 20–21 percent of the expenses reported on their UBIT returns. Further analysis calls into question the validity of the estimation model, and suggests that expense shifting may be understated in this and previous studies.

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