Corporate Partnerships & The Law: Unrelated Business Income Tax (UBIT)
Selfish Giving
JUNE 21, 2020
Conversely, the IRS has noted that certain intermittent income producing activities are engaged in so “discontinuously or periodically” and “without the competitive and promotional efforts typical of commercial endeavors” that they will not be regarded as “regularly carried on.”[6] UBIT affects traditional corporate sponsorships (e.g., $X
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