Tax Consequences for Tax-Exempt Social Clubs

While a club may be tax-exempt, it may be subject to tax on its unrelated business activities.  Read on to learn more as well as to download PBMares' “Member Function Questionnaire” for help in gathering the information required by the IRS.

When Are Activities of a Nonprofit Subject to Income Taxes?

A nonprofit will not ordinarily be taxed on its revenues.  However, income from unrelated business income is subject to tax (UBIT).  UBIT is based on [...]

2018-10-17T21:20:09-04:00June 19, 2017|Categories: Not-for-Profit|Tags: , , |