U.S. IRS Requests Comments Regarding the Calculation of Unrelated Business Taxable Income
The U.S. IRS has published Notice 2018-67, requesting comments regarding the application of new § 512(a)(6) of the Internal Revenue Code ("Code"), which was added to the Code by the Tax Cuts and Jobs Act.
Section 512(a)(6) requires an organization subject to the unrelated business income tax under § 511 with more than one unrelated trade or business to calculate unrelated business taxable inc…
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