Video: Unrelated Business Income Overview

In this lesson, explore the intricacies of Unrelated Business Income (UBI) with Nick Palazzolo, CPA, who makes this seemingly complex topic approachable. Though not the most critical element for the exam, understanding UBI can boost exam scores significantly. Nick breaks down the concept of UBI as it applies to tax-exempt organizations and guides through the process of calculating it for federal tax purposes. The lesson is concise and filled with examples, making it less daunting and ensuring a firm grasp of how tax-exempt entities must handle income that falls outside their exempt function.