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TECHNICAL COMMITTEE MEETINGWednesday, December 6, 2023, 12:00 2:00 P.M. Key Bank Building, 100 Cushman Street, Suite 215 To join the Zoom Meeting via computer, go to: www.fastplanning.us/keepup/zoom

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What is zoom - ubit?

Zoom - UBIT stands for Unrelated Business Income Tax that non-profit organizations must file and pay on certain income that is not related to their tax-exempt purpose.

Who is required to file zoom - ubit?

Non-profit organizations that generate unrelated business income over a certain threshold are required to file and pay zoom - UBIT.

How to fill out zoom - ubit?

Non-profit organizations can fill out zoom - UBIT by completing IRS Form 990-T and reporting any unrelated business income along with any applicable deductions.

What is the purpose of zoom - ubit?

The purpose of zoom - UBIT is to ensure that non-profit organizations are not unfairly competing with for-profit businesses by engaging in unrelated business activities.

What information must be reported on zoom - ubit?

Non-profit organizations must report any income from unrelated business activities, deductions related to those activities, and calculate the tax owed on IRS Form 990-T.

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