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taxmap/pubs/p598-000.htm#en_us_publink100067437
Publication 598

Tax on Unrelated Business Income of Exempt Organizations

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What's New(p1)


taxmap/pubs/p598-000.htm#TXMP7d3f5fa7Introduction

An exempt organization is not taxed on its income from an activity substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. Such income is exempt even if the activity is a trade or business.
However, if an exempt organization regularly carries on a trade or business not substantially related to its exempt purpose, except that it provides funds to carry out that purpose, the organization is subject to tax on its income from that unrelated trade or business.
This publication covers the rules for the tax on unrelated business income of exempt organizations. It explains:
  1. Which organizations are subject to the tax (chapter 1),
  2. What the requirements are for filing a tax return (chapter 2),
  3. What an unrelated trade or business is (chapter 3), and
  4. How to figure unrelated business taxable income (chapter 4).
All section references in this publication are to the Internal Revenue Code.

taxmap/pubs/p598-000.htm#TXMP699e71a1

Useful items

You may want to see:


Publication
 557 Tax-Exempt Status for Your Organization
Form (and Instructions)
 990-T: Exempt Organization Business Income Tax Return
See chapter 5 for information about getting these publications and forms.
taxmap/pubs/p598-000.htm#en_us_publink1000267708

Comments and suggestions.(p2)

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We welcome your comments about this publication and your suggestions for future editions.
You can write to us at:

Internal Revenue Service
Individual Forms and Publications Branch
SE:W:CAR:MP:T:I
1111 Constitution Ave. NW, IR-6526
Washington, DC 20224


We respond to many letters by telephone. Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence.
You can email us at taxforms@irs.gov. Please put "publications Comment" on the subject line. You can also send us comments from www.irs.gov/formspubs/, select "Comment on Tax Forms and Publications" under "Information about."
Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products.
taxmap/pubs/p598-000.htm#en_us_publink1000267709

Reminders(p2)

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An organization may elect to treat any GO Zone public utility loss as a specified liability loss. Certain other losses attributable to GO Zone losses, including those from Kiowa County, Kansas and other Midwestern disaster areas, are eligible for special carryback treatment. See Net operating loss deduction on page 12.