The Apex Law Podcast


Ever wonder how nonprofits do their taxes? In today’s podcast, Peter shares his expertise in 501(c)(3) taxation to discuss when nonprofits do and don’t have to pay taxes and how they can use that knowledge to their advantage. He briefly highlights the two things nonprofits need to achieve tax-exempt status: 1) being organized for charitable purposes and 2) operating exclusively for those charitable purposes. Interpreting what “operating exclusively” means relies on a helpful acronym used in the tax-exempt world: “UBIT,” or unrelated business income tax. UBIT requires nonprofits to ask whether the things they are doing, such as selling......

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