“Once upon a time, there was an ogre named UBI, who lived in the dark forest of taxes. According to legend passed down from one generation to the next in the village, the ogre would descend upon any church in the village that dared to generate revenue from any activity other than offerings. It is said that the ogre would savagely rip the tax status away from the church and occasionally eat the church leaders involved in the activity. Given the terror associated with the legend, no church ever dared to engage in any such activity…indeed, the fear of UBI was great.”
Even in 2020, myths, fables, and legends abound about unrelated business income (UBI) and the church. CPA Mike Batts joined Church Law & Tax to put an end to some of those fables.
In this 1 hour webinar presented by Mike Batts, you will find clarity and insight on five of the most misunderstood aspects of unrelated business income and the church. Download the presentation handout and take notes while you listen.