Open Forum

I'm trying to educate our Board of Trustees about UBIT regulations. I have provided the IRS documentation and was wondering if anyone had links to any articles or discussions specific to museums to help them better  understand how these rules apply to our museum practices.Thanks.

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Chris Knasiak
Museum Coordinator
Motorcyclepedia
Newburgh NY
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There is a helpful discussion of UBIT, or Unrelated Business Income Tax at: Does My Nonprofit Need to Pay Tax? Understanding Unrelated Business Income Tax

Non Profit News For Nonprofit Organizations | Nonprofit Quarterly		remove preview
Does My Nonprofit Need to Pay Tax? Understanding Unrelated Business Income Tax While nonprofits are, generally, tax-exempt, they must pay income tax when operating outside the scope of their exempt purposes. But determining what are an organization's exempt purposes is not always as clear as one might think, and distinguishing between related and unrelated activities can be tricky. View this on Non Profit News For Nonprofit Organizations | Nonprofit Quarterly >

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Colin Windhorst PhD
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Original Message:
Sent: 03-12-2017 10:23 AM
From: Chris Knasiak
Subject: UBIT Information

I'm trying to educate our Board of Trustees about UBIT regulations. I have provided the IRS documentation and was wondering if anyone had links to any articles or discussions specific to museums to help them better  understand how these rules apply to our museum practices.Thanks.

------------------------------
Chris Knasiak
Museum Coordinator
Motorcyclepedia
Newburgh NY
------------------------------

The book I have written on museum law, which was published by Rowman & Littlefield in 2014 has an entire chapter on UBIT.  It also has a chapter on obtaining and maintaining tax exempt status as well as chapters on museum governance.

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Marilyn Phelan PhD
Paul Whitfield Horn Professor of Law Emeritus
Texas Tech University
Lubbock TX
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Original Message:
Sent: 03-12-2017 10:23 AM
From: Chris Knasiak
Subject: UBIT Information

I'm trying to educate our Board of Trustees about UBIT regulations. I have provided the IRS documentation and was wondering if anyone had links to any articles or discussions specific to museums to help them better  understand how these rules apply to our museum practices.Thanks.

------------------------------
Chris Knasiak
Museum Coordinator
Motorcyclepedia
Newburgh NY
------------------------------