School has been paying the UBIT every year. To reduce or eliminate this year's tax liability, School might:
A) Accelerate gross income from the profit-making activity into the current tax year.
B) Accelerate deductions from the profit-making activity into the current tax year.
C) Both a. and b.
D) Neither a. nor b.

Question

Quizplus · Accepted Answer

Accelerating deductions into the current tax year can reduce taxable income, thereby reducing or eliminating the tax liability for that year.

School Has Been Paying the UBIT Every Year