The 5 Most Misunderstood Aspects of Unrelated Business Income for Churches CPA Michael Batts provides clarity and insight on five of the most misunderstood aspects of UBIT.
How Church-Run Coffee Shops, Bookstores, and Other Ventures Can Trigger Tax Liability Seven articles to help you understand unrelated business income. The Editors
Q&A: Can a For-Profit Food Truck Make Money on Church Property? Receiving more than $1,000 from a vendor could be considered unrelated business income. David Fletcher
Church Finance Learn about budgeting, financial reporting, tax compliance, insurance coverage, and more.
IRS Ramping Up Its Focus on Tax-Exempt Entities The news: “IRS auditors who focus on tax-exempt groups will be kept busy this year. Matthew Branaugh
Q&A: Are Items Sold in Our Church’s Welcome Center Considered Unrelated Business Income? What to know before stocking up on T-shirts and coffee mugs with your church logo. Frank Sommerville
Federal Law Key point 6-04.02. A church may have a number of reporting obligations under federal law,
Q&A: Are Proceeds From the Church Community Center Taxable? A prime outreach opportunity raises financial, tax considerations. Frank Sommerville
When Ministry Becomes Business How to know when a new bookstore or childcare center will attract IRS attention. John R. Throop
Unrelated Business Income — The General Rules How unrelated business income, and the possible taxes owed from it, works for churches.
The IRS Addresses the “Neighborhood Land Rule” What a church must know about income from unused property. Richard R. Hammar
Q&A: Should We Allow Private Music Lessons on Church Property? What to consider and why before saying “yes.” Frank Sommerville
Does Your Church Owe Taxes on Alternative Revenue? Answers about the often misunderstood world of unrelated business income, also known as alternative revenue. Michael E. Batts
How the IRS Determines If a Church Must Pay UBIT A look at why the unrelated business income tax exists, plus a case review that shows how the resulting tax code was applied to one church. Richard R. Hammar
Q&A: Are Advertisements in an Anniversary Program Booklet Taxable Income? Selling advertisements in your church’s anniversary program book is perfectly legal, but there are two issues you need to consider. Richard R. Hammar
The IRS Tax Guide for Churches The “Tax Guide for Churches and Religious Organizations” (the “Guide”) was updated in 2002 and Richard R. Hammar
Rental of Church Property Are churches' tax exemptions affected by lessees' debts on rented property? Richard R. Hammar
Leasing Church Premises How such a practice could impact a church's tax exemptions. Richard R. Hammar