The IRS closely examines and investigates compliance with unreported federal, state, local, or foreign income tax activities.

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Having the TBFoster team working with you eases anxiety over accuracy and completeness of UBIT information. Together with your management, we accomplish the following:

 

• Evaluate your organization’s daily operations and help identify possible unrelated interests.

• Pinpoint every revenue source.

• Estimate potential taxes on income.

• Follow IRS requirements to report unrelated income.

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UBIT's? --- You bet!

 

Our UBIT services guide your organization through three stages of review:  

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• Complete UBIT Study--Detailed examination and documentation of your organization’s projects and prescribed reporting evidence.

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• UBIT Evaluation--Inspection and documentation of identified unrelated business interests and how they follow the reporting directives of the IRS’s UBIT rules.

 

• UBIT Analysis--Overview of UBIT Study and recommendations that prepare management to recognize and discuss possible UBIT issues.

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