Unrelated Business Income Tax (UBIT) Mid-Year Reminder
Financial Services is reviewing current fiscal year unrelated business income (UBI) activity. University revenue generating activity may be subject to Unrelated Business Income Tax (UBIT).
See the latest guidance from Financial Services on the University Financial Action Plan.
Changes included in the “Tax Cuts and Jobs Act” (Public Law PL 115-97), require employee relocation expenses to be taxable to recipients.