Conclusion

Congratulations! You have reached the end of Course 2, Unrelated Business Income.

In this course, you learned:

• UBI and the three facets of the UBI test;
• Exceptions, exclusions, and deductions applicable to UBI;
• Filing procedures for reporting unrelated business income; and
• Charitable gaming, related taxes, and reporting requirements.

You have made a great start toward ensuring that your organization will meet its UBI tax obligations.

A printer-friendly summary of Course 2 is available on the Resource Library page of this website.