Date of Award
Spring 5-15-2010
Document Type
Thesis
Degree Name
Bachelor of Science (BS)
Department
Accounting
College
College of Business
First Advisor
Meyer Drucker
Abstract/Description
Several issues impact the management of accounting for large not-for-profit organizations that would not arise normally in a regular for-profit corporation. These issues vary widely from how much annual salary the executives rightfully deserve as compensation to the way the organization raises funds for its day-to-day activities. Slightly less common, but still very important, is the issue of taxes. Yes, not-for-profit corporations have to pay taxes, but only on certain forms of revenue. In many instances, large not-for-profit corporations operate similar to a for-profit firm. The money not-for-profits have to pay tax on falls under the Internal Revenue Code sections 511 through section 513 described as the Unrelated Business Taxable Income (UBIT). This thesis article focuses on the history of the UBIT and the case law that has been decided over the years in the federal courts.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Long, Barry, "Unrelated Business Income Taxes: What the Federal Courts Have Said" (2010). Honors Theses. 136.
https://digitalcommons.coastal.edu/honors-theses/136