Although this course emphasizes the taxation of business entities, it is important to understand that there are entities that do not pay tax.

Using the articles from the recommended reading, select one key point from the article and share your thoughts on the importance of monitoring non-taxable entities. Include additional resources to support your position, as needed.

Comprehensive Tax Return Preparation and Exempt Entities

People are often surprised to find that tax-exempt entities sometimes have to pay income tax, for a variety of reasons. The UBIT is one of the primary situations in which tax-exempt organizations have to pay income taxes. There are several other tax rules that are also unique to tax-exempt entities.