National Association of College and University Business Officers Submits Comments to IRS on Basketing Rule for Computing Unrelated Business Taxable Income
December 06, 2018
December 06, 2018
WASHINGTON, Dec. 6 -- The National Association of College and University Business Officers issued the following news:
NACUBO, joined by seven other higher education associations, responded to the Internal Revenue Service's request for comments in Notice 2018-67, which addressed the provision enacted as part of the Tax Cuts and Jobs Act (TCJA) requiring exempt organizations to separately calculate unrelated business taxable income (UBTI) for each unrelated activity conducted, rather . . .
NACUBO, joined by seven other higher education associations, responded to the Internal Revenue Service's request for comments in Notice 2018-67, which addressed the provision enacted as part of the Tax Cuts and Jobs Act (TCJA) requiring exempt organizations to separately calculate unrelated business taxable income (UBTI) for each unrelated activity conducted, rather . . .