Unrelated Business Income & Consulting

INSPIRED TO CONTINUE LEARNING & GROWING

Manage complexity related to tax obligations.

As an institution of higher education, you generate funding from a variety of sources. Some of these may not be directly associated with your mission like facility rentals, catering, advertising, royalties, investment income and more. Generating income from these sources may result in unexpected tax consequences. If your institution has non-educational revenue streams, you could benefit from an unrelated business income analysis.

Utilizing professionals who specialize in tax issues for governmental universities and tax-exempt organizations can help ensure you maintain compliance and peace of mind. Services include:

  • Form 990-T preparation
  • Unrelated business income tax studies including analyzing revenue streams, applying current technical guidance and developing reporting positions or planning alternatives
  • Evaluating and identifying various trades or businesses
  • Developing expense allocation methodologies

Eide Bailly’s nonprofit professionals can help your institution worry less about unrelated business income and ensure proper tax reporting. We understand the complexities associated with unrelated business income and will work closely with your organization to develop a strategy to ensure all activities are identified and analyzed. Our nonprofit experience, combined with our knowledge of higher education, will help ensure you can feel confident your tax risks are minimized.

What inspires you, inspires us. Let’s talk.

Contact

Kristin Diggs

Partner

208.424.3542

Find A Location