UBIT? You Bet!

Estimated reading time: < 1 minute(Last Updated On: August 12, 2019)

Questions: I think the answer to my question. Does Arkansas charge tax on UBIT and UDFI? in the book 2009 Multistate Guide to Regulation and Taxation of Nonprofits By Steven D. Simpson. Which is found in full online through google books at: https://books.google.com/books?id=KE5dVpNcWkwC&pg=SA3-PA9&lpg=SA3-PA9&dq=Section+512+of+the+Internal+Revenue+Code+arkansas&source=bl&ots=YFNc-ZE7U0&sig=PpYxNwFJEhq5fd920ha18OXLFkw&hl=en&sa=X&ei=ItEKVdmUOcSwggSMiIOoBQ&ved=0CC8Q6AEwAw#v=onepage&q=Section%20512%20of%20the%20Internal%20Revenue%20Code%20arkansas&f=false It says that Arkansas does not have IRS code sections 501-529, but that it does tax unrelated business income on income attributable to Arkansas. Since UDFI is Section 514 I assume that there is no state income … Continue reading

The post UBIT? You Bet! appeared first on The IRA Web Advisor.

Source: IRA Web Advisor

Leave a Reply

Your email address will not be published. Required fields are marked *