Form CIFT-401W Unrelated Business Income Worksheet for 2025

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The document is a worksheet for organizations under IRC 401(a) and 501 to report Louisiana-sourced unrelated business income. It outlines the requirements for filing Form CIFT-620, including how to calculate unrelated business income and the necessary steps for tax reporting in accordance with Louisiana law.

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What is an example of UBIT?

As a rule, advertising income is UBIT. Advertising is given a broad definition as slogans, trademarks, logos, and other information similar to listings in professional journals, newspapers, and the yellow pages. Income from ads on an organizations facility wall space was also held to be UBIT from advertising.

What is unrelated trade business or other activity?

a) the term unrelated trade, business or other activity means any trade, business or other activity, the conduct of which is not substantially related to the exercise or performance by such educational institution or hospital of its primary purpose or function.

What is an example of an unrelated business?

The most common form of unrelated business income for nonprofits, by far, is advertising income (e.g., in periodicals, on websites, on social media).

What is an unrelated business?

It is a trade or business, It is regularly carried on, and. It is not substantially related to furthering the exempt purpose of the organization.

What qualifies as unrelated business income?

For most organizations, an activity is an unrelated business (and subject to unrelated business income tax) if it meets three requirements: It is a trade or business, It is regularly carried on, and. It is not substantially related to furthering the exempt purpose of the organization.

What is a business income worksheet?

A business income worksheet is a form used to estimate an organizations annual business income for the upcoming 12-month period for purposes of selecting a business income limit of insurance.

How to calculate qualified business income deduction amounts?

How to Calculate QBI for Your Small Business QBI (the net amount of income, gain, deduction, and loss from any qualified trade or business) multiplied by 20% Taxable income multiplied by 20% minus net capital gains and qualified dividends.

Form CIFT-401W Unrelated Business Income Worksheet for 2025

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