In 1950, Congress created the unrelated business income tax (UBIT) to deter nonprofits from gaining advantages over taxable entities that conduct similar activities. The UBIT is often misinterpreted by organizations and their tax professionals. While most organizations have unrelated business income (UBI), not all UBI is considered unrelated business taxable income (UBTI). Having worked with thousands of nonprofit clients throughout the world, Stu Sobel shares his experiences and wisdom to make this difficult area of tax law less threatening and confusing. This course covers the following topics: -What constitutes a trade or business -Analysis of specific forms of UBI and UBTI -Case studies regarding advertising revenue -Statutory exclusions from UBTI -Religious organizations and UBTI issues -Unrelated debt finance income -Preparation and overview of Form 990-T