Meaning Unrelated taxable business income
What does Unrelated taxable business income mean? Below you find one meaning for the word Unrelated taxable business income You can also add a definition of Unrelated taxable business income yourself
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Unrelated taxable business incomeMLP income received by a tax-exempt entity (e.g., pension accounts, 401-K, and endowment funds) is considered “income earned from business activities unrelated to the entity’s tax-exempt purpose” or UBTI. A tax-exempt entity that receives more than $1,000 per year of UBTI may be held liable for the tax on the UBTI.
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