Unrelated Business Income Tax (UBIT)

What is Unrelated Business Income Tax?

Exempt organizations that generate business income unrelated to the organization's mission must file a federal income tax return. The 990-T form is used to report the net taxable income from those unrelated activities. Massachusetts also requires exempt organizations to file income tax returns reporting UBIT.  

UBIT analysis is complex and requires significant review of specific facts to properly determine whether or not an activity in your Tub might generate UBIT or whether a particular exception applies to your facts. Please contact Tax Reporting to discuss the particular situation in your Tub if you believe your Tub may be engaged in a UBIT-generating activity.

Resources

Please contact the Tax Reporting team with any questions.

Please note: Harvard University as an institution does not advise on any personal income tax requirements or issues. Use of any information from this site or any other web site referred to is for general information only and does not represent personal tax advice either express or implied. You are encouraged to seek professional tax advice for personal income tax questions and assistance.