188bet亚洲真人体育下载 submits comments on IRS guidance related to exempt organizations under the 税 Cuts and Jobs Act

的 American Institute of CPA美国注册188bet亚洲真人体育下载(188bet亚洲真人体育下载)已发布 建议 to the Internal Revenue Service (IRS) regarding the calculation of unrelated business taxable income (UBTI) under section 512(a)(6) of the 税 Cuts and Jobs Act (TCJA). 的 guidance under this section relates to exempt organizations with more than one unrelated trade or business; interim and transition rules for aggregating certain income investments; and the treatment of global intangible low-taxed income (GILTI) inclusions for purposes of the unrelated business income tax (UBIT).

Organizations described in sections 401(a) and 501(c) are exempt from federal income tax. 然而, a tax on the UBTI of certain organizations and trusts is imposed by section 511(a)(1).

Prior to the enactment of the TCJA, tax-exempt organizations could aggregate the income and losses from all unrelated, regularly carried active trades or businesses to calculate UBTI. 的y could reduce the overall net taxable income by netting the loss generated from one unrelated activity with the net taxable income of another dissimilar activity. 然而, the TCJA created new section 512(a)(6), requiring the separate computation of UBTI for each trade or business of a tax-exempt organization subject to the UBIT. 因此, tax-exempt organizations must calculate the UBTI of each trade or business separately without netting the losses from one unrelated activity against the income of another activity.

的 188bet亚洲真人体育下载 has submitted 建议 on the rules described in Notice 2018-67 issued by the IRS and certain other issues related to section 512(a)(6).