Sponsorship prop. regs. may increase UBIT liability.
The Tax Adviser › Vol. 31 Nbr. 7, July 2000
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Summary
IRS regulations; unrelated business income tax
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Sponsorship prop. regs. may increase UBIT liability.
Charities and other related tax-exempt organizations should carefully consider the effect of recently released proposed regulations under Secs. 512 and 513, addressing corporate sponsorship payments, to avoid or minimize unrelated business income tax (UBIT) liabilities in connection with both current and future sponsorship arrangements. Whether a corporate sponsorship payment (such as income from a "p...
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