The IRS and Treasury Department recently released new guidance for calculating the tax on unrelated business income (“UBI”) activities of tax-exempt organizations with more than one UBI activity. With the passage of the 2017...more
The Tax Cuts and Jobs Act, which has been renamed the Amendment of 1986 Code, was signed into law by President Trump on December 22, 2017. Many are calling it the most sweeping overhaul to the United States tax system in...more
12/22/2017
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UBTI
On July 11, 2014, the IRS released a Technical Advice Memorandum ("TAM") finding that a tax-exempt hospital's income from the performance of laboratory services for non-patients was not subject to the unrelated business...more
In This Issue:
- What You Need to Know
- Methods to Reinstate Tax-Exempt Status Smaller Organizations Applying Within 15 Months of Revocation Date
- Organizations Not Eligible for the Streamlined Process Applying...more
In This Issue:
- Major Tax Provisions Relating to Charitable Organizations
- Other Law Changes Affecting Charitable Contributions
- Excerpt from Major Tax Provisions Relating to Charitable Organizations:
The...more