Tax-exempt organizations have federal tax and legal rules largely different from those that apply to for-profit organizations. These rules can be complex and somewhat esoteric. From a federal tax perspective, there are two major classes of charities: public charities and private foundations. Each class has unique tax rules, governance provisions, and tax reporting obligations. The tax reporting rules relating to tax-exempt organizations are complicated by unique governance rules relating to how charities are organized, conduct their activities, and interact with major donors and others with substantial influence over the organization. In this basic level course we will discuss unrelated business income and Form 990-T. This course is most beneficial to professionals new to tax reporting for tax-exempt organizations who may be at the staff or entry level in an organization but also for a seasoned professional with limited exposure to this topic.