Unrelated Business Income FAQs

General Questions

What is UBI?

Isn’t the University exempt from Federal Income Tax?

Why do I have to report UBI?

What is unrelated business income tax (UBIT)?

What are some examples of activities typically subject to UBIT?

What are some examples of activities typically not subject to UBIT?

Are there any exceptions to or exclusions from UBI?

Where can I learn more about UBI?

UBI Certification Questions

How do I know that I need to complete a UBI Certification form?

Where can the UBI Questionnaire and Certification be obtained?

Who should fill out the UBI questionnaire?

What if I am not the correct person to complete the UBI certification form?

Who should certify/approve the UBI questionnaire?

How many UBI Certification forms do I need to fill out?  Can’t I just put all activities on one form?

Last year, it was determined that my activity(s) were not subject to UBI.  Do I have to fill out the questionnaire again?