News for Nonprofits – When is website activity UBI?

Description

Abstract: This issue’s “News for Nonprofits” notes that, while the Internet is a significant communication tool, it also can create unrelated business income (UBI) and the tax liability that comes with it. The article describes the activities to watch out for. It also explains how the proposed Protection of Charitable Assets Act (PCAA) is designed to safeguard the role of the states in protecting charitable assets by further clarifying the role of the state attorney general.