One of the quirks of unrelated business income is that it typically leads to a different kind of taxation for the nonprofit that earns this type of income through its various activities in the communities. Most charitable organizations will require the services of an accountant or tax professional in order to manage this kind of income, but that's not really necessary. With a clearer understanding of how unrelated business income is defined, where it comes from, and how it's taxed, many nonprofit organizations can actually skip the accountant and more easily handle their own finances.
- Identify what constitutes unrelated business income.
- Review types of organizations that can earn unrelated business income.
- Learn way to engage without encountering taxation.
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