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UDFI

  • Unrelated Debt Financed Income Tax
    Any property held to produce income is debt-financed property if at any time during the tax year there was acquisition indebtedness outstanding for the property.

UBIT

  • Unrelated Business Income Tax
  • If a tax exempt entity engages in a business that is unrelated to its primary purpose, any income derived from such business will be subject to UBIT
  • IRS Pub 598
  • UDFI & UBIT are reported on form 990-T
 

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Fraud Awareness

Here are some helpful resources:

www.investor.gov
800 732 0330 The Securities and Exchange Commission (SEC) is dedicated to helping Americans protect their investments.

www.nasaa.org
202 737 0900 The North American Securities Administrators’ Association (NASAA) provides information on investor education.

www.finra.org
301 590 6500 The Financial Industry Regulatory Authority (FINRA) has an “Investor” section on Smart Investing.

www.aarp.com
888 687 2277 American Association of Retired Persons (AARP) includes a section on scams, fraud and consumer protection.