Category results for: UBIT
New Process for Taxable Income (UBIT) Starting FY 2027
VCU is a non-profit organization and an agency of the Commonwealth, so most of our income is exempt from federal income tax. However, some activities that are not directly related to VCU’s mission can generate income that is taxable. This is called Unrelated Business Income Tax (UBIT). In the past, VCU Finance has paid UBIT from a central fund. Beginning […]
