Tax Notes has published an article by Robert J. Jackson and William B. Weatherford of PricewaterhouseCoopers LLP. The article examines issues that arise regarding the IRS's allowance of some tax-exempt entities and investment partnerships to avoid unrelated business taxable income when infrequent short-term indebtedness is incurred solely for administrative convenience. It stresses that significant technical questions regarding this issue exist and it provides current Congressional developments on this issue.
See Robert J. Jackson and William B. Weatherford, "Do Tax-Exempt Entities Have an 'Ace' Up Their Sleeves," 2010 TNT 100-8, May 25, 2010.
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal.
See Robert J. Jackson and William B. Weatherford, "Do Tax-Exempt Entities Have an 'Ace' Up Their Sleeves," 2010 TNT 100-8, May 25, 2010.
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal.

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