unrelated business income tax definition
A tax imposed on income earned by a nonprofit that is unrelated to its exempt purpose.
A tax imposed on income earned by a nonprofit that is unrelated to its exempt purpose.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.