# Enrolled Agent Exam [Part 2] 89, Unrelated Business Income Tax (UBIT)

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Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-89-unrelated-business-income-tax-ubit.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-07-25T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/c79cf08d-f94a-4b78-ae92-0be1d9c94b98.mp3
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Duration seconds: 221

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The three-part test (Trade, Regularly Carried On, Not Substantially Related) for identifying Unrelated Business Income (UBI). - How the $1,000 specific deduction reduces Unrelated Business Taxable Income (UBTI). - Common exam traps involving passive income, volunteer labor, and debt-financed property. - The function and filing requirement of Form 990-T for exempt organizations with $1,000 or more in gross UBI. - The impact of the Section 512(a)(6) "silo rule" on calculating tax with multiple unrelated businesses. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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