Internal Revenue Service February 12, 2021 – Federal Register Recent Federal Regulation Documents

Unrelated Business Taxable Income Separately Computed for Each Trade or Business; Correction
Document Number: 2021-00342
Type: Rule
Date: 2021-02-12
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to the final regulations (Treasury Decision 9933) that published in the Federal Register on Wednesday, December 2, 2020. The final regulations provide guidance on how an exempt organization subject to the unrelated business income tax determines if it has more than one unrelated trade or business, and, if so, how the exempt organization calculates unrelated business taxable income.
Unrelated Business Taxable Income Separately Computed for Each Trade or Business; Correction
Document Number: 2021-00341
Type: Rule
Date: 2021-02-12
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to the final regulations (Treasury Decision 9933) that published in the Federal Register on Wednesday, December 2, 2020. The final regulations provide guidance on how an exempt organization subject to the unrelated business income tax determines if it has more than one unrelated trade or business, and, if so, how the exempt organization calculates unrelated business taxable income.