Posts Categorized: Unrelated Business Income

Refund of Parking Tax For Nonprofits

Nonprofits can now receive a refund of Parking Taxes paid in 2017 and 2018. The 2017 Tax Cuts and Jobs Act imposed the so-called “Parking  Tax” on nonprofits. The Parking Tax required nonprofits to pay a new form of unrelated business income tax (“UBIT”) on amounts they incurred for providing transportation and parking benefits to …

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Big Trouble for College Football?

Today the Chicago District of the National Relations Board ruled that football players at Northwestern University are employees and can unionize. The Board found that players’ scholarships are tied directly to their performance on the field, they are working between 20-50 hours per week, and they are generating millions of dollars for the university. This …

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