What does BIT stand for?

Business Income Tax

This definition appears very rarely and is found in the following Acronym Finder categories:

Military and Government
Business, finance, etc.

Other Resources:

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Brooklyn Independent Television (est. 2006; Brooklyn, NY) Brunei Information Technology Budowlany Informator Techniczny (Polish: Technical Construction Information; publication) Build Integration and Test Built-In Test Bureau International du Travail (French) Büro für Internationale Forschungs- und Technologiekooperation (Vienna, Austria) Business and Industry Training (various locations) Business Implementation Time Business Improvement Team		Business Information Technology Built-In-Test (Equipment) Bit-Boundry Block Transfer (also seen as BITBLT) Built-In-Test and Performance Monitoring Binary Digits Per Second Baking Industry Training Australia Boston Irish Tourism Association British Industrial Truck Association British Interior Textiles Association (UK) Building Industry Technology Academy (Irvine, CA)

Samples in periodicals archive:

3, 2009 (CENS) -- The headquarters of world-class multinationals in Taiwan will be able to enjoy a uniform preferential business income tax of 15%, according to an agreement reached between the executive branch and the legislature yesterday (Nov.

Headquarters of world-class multinationals eligible for 15% income tax

In May, a federal jury ruled that the IRS erroneously levied the unrelated business income tax (UBIT) on three financial products sold by Community First Credit Union.

No IRS appeal on UBIT

We'll file your personal AND business income tax extensions.

Why Use FileLater for Your Income Tax Extension?

As a result, revenue might come from an unrelated trade or business (IRC Section 513(a)) and therefore subject to unrelated business income tax (UBIT) if you regularly carry on the activity.

Nonprofit publishing: how to treat advertising activities by a ...

Next, you need to worry about unrelated business income tax (UBIT).

Real Estate an investment option for retirement funds

Assuming you have a sole proprietorship (or other entity, such as a partnership) that is up and running as of January 1, and assuming you then incorporate that existing entity on any date other than January 1, you face the possibility of filing not one but two business income tax returns for that year.

When Is the Best Time to Incorporate Your Small Business?

6104(d)(1)(A) (ii), Sec 501(c)(3) organizations now have to disclose publicly their Forms 990-T, Exmpt Organization Business Income Tax Return.

New disclosure requirements for Form 990-T

This report (1) assesses the effect of the Credit Union Membership Access Act on credit union membership and charters, (2) reviews the National Credit Union Administration's (NCUA) efforts to expand services to low- and moderate-income individuals, (3) compares rates offered by credit unions with comparably sized banks, (4) discusses unrelated business income tax issues, and (5) assesses transparency of credit union senior executive compensation.

Credit Unions: Greater Transparency Needed on Who Credit Unions Serve ...