In the fourth article in our Form 990-T blog series, our expert advisors explain how borrowed funds used to acquire or improve income-producing property may create unrelated debt-financed income (UDFI)….
Understanding UBIT for 501(c)(7) Organizations
In the third article in our 990-T blog series, our expert advisors explore the unique unrelated business income tax considerations facing 501(c)(7) organizations. Learn how nonmember revenue, investment earnings, and…
Pennsylvania Updates Local Sales Tax Sourcing Rules for Philadelphia and Allegheny County
Pennsylvania’s 2026–2027 budget changes how local sales taxes imposed by Philadelphia and Allegheny County apply to sales of tangible personal property and taxable services. Effective January 1, 2026, these local…
Sponsorship vs. Advertising Income: When Is It UBIT?
In the second article in our 990-T blog series, our expert advisors discuss the important distinction between qualified sponsorship payments and advertising income. Learn how the benefits provided to a…
Unrelated Business Income: A Quick Guide for Tax-Exempt Organizations
For many tax-exempt organizations, earning revenue outside of donations, grants, and program service income is a normal part of operations. But not all revenue is treated the same for tax…
