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What does UBIT stand for?

UBIT stands for Unrelated Business Income Tax

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

  • Business, finance, etc.

See other definitions of UBIT

Other Resources:
We have 1 other meaning of UBIT in our Acronym Attic

Samples in periodicals archive:

They detail the rules, regulations, and limitations imposed by the courts, the Internal Revenue Code, and the Treasury Regulations; charitable contribution and fundraising issues; the unrelated business income tax, excise taxes, and intermediate sanctions imposed on them; and the rules regarding private foundations.
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.
It also covers exemption issues, unrelated business income tax, the special rules applicable to private foundations, tax rules applicable to unrelated business income, and the tax and reporting rules applicable to political organizations.