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ORM lO3CO (July 1969) STATE: U i 'i TED ST. ' T E S D E P i R Na EN T 0: THE 11 T E R ! 0 R TONAL F)t 'I: SERVE NOT 'TH Carolina CODE OW 'OWNERSHIP (Check One) o o o District TITHE PUBLIC o Public
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What is u ii i ted?
U ii i ted stands for Unincorporated Business Income Tax (UBIT).
Who is required to file u ii i ted?
Non-profit organizations or tax-exempt entities that generate income from unrelated business activities are required to file UBIT.
How to fill out u ii i ted?
To fill out UBIT, organizations must complete Form 990-T and report any income from unrelated business activities.
What is the purpose of u ii i ted?
The purpose of UBIT is to ensure that tax-exempt organizations are not engaging in unfair competition with for-profit businesses.
What information must be reported on u ii i ted?
Organizations must report any income from unrelated business activities, deductions, and calculate the tax owed.
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