Yossi Ziffer and Chris Moran published "IRS Proposes UBIT ‘Silo’ Rules for Nonprofits" in the summer 2020 issue of Nonprofit World. The following is an excerpt:
The Internal Revenue Service (IRS) has just released some long-awaited guidance for nonprofits. Proposed regulations, issued on April 23, 2020, explain how nonprofits with unrelated businesses or certain investments should calculate their unrelated business taxable income (UBTI).