Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" ... with respect to each debt-financed property that is unrelated to the organization's exempt function — as an item of gross income derived from an unrelated trade or business — an amount of income from the property, subject to tax in the proportion... "
Description of tax bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549 ... - Page 18
by United States. Congress. Joint Committee on Taxation - 1983 - 21 pages
Full view - About this book

Internal Revenue Bulletin: Cumulative bulletin

United States. Internal Revenue Service - 1970
...income from debt-financed property, which is unrelated to their exempt function, is to be subject to tax in the proportion in which the property is financed by the debt. In general, these amendments are applicable for taxable years beginning after Dec. 31, 1969. (Section...
Full view - About this book

Description of Provisions Listed for Further Hearings by the Committee on ...

United States. Congress. Joint Committee on Internal Revenue Taxation - 1976 - 108 pages
...income from '"debt-financed property" which is unrelated to its exempt function, is to be subject to tax in the proportion in which the property is financed by the debt. In general, debt-financed property is defined as "any property which is held to produce income and...
Full view - About this book

Description of Tax Bills (S. 120, S. 1397, S. 1584, S. 1814, S. 1815, and S ...

1983 - 44 pages
...debt-financed property (unless the use of the property itself is substantially related to the organization's exempt function) is subject to the unrelated business...(sec. 514). Debt-financed property means all property (including rental real estate, tangible personal property, and corporate stock) that is held to produce...
Full view - About this book

Overview of the Unrelated Business Income Tax on Exempt Organizations ...

United States. Congress. Joint Committee on Taxation - 1987 - 28 pages
...organization derived from debt-financed property, if unrelated to exempt functions, is subject to the tax in the proportion in which the property is financed by the debt (see F, below). Subsequent legislation While the Congress has not engaged in an overall reexamination...
Full view - About this book

Private Foundations: Tax Law and Compliance

Bruce R. Hopkins, Jody Blazek - 2004 - 650 pages
...income derived from an unrelated trade or business — an amount of income from the property, subject to tax in the proportion in which the property is financed by the debt. Basically, deductions are allowed with respect to each debt-financed property in the same proportion.164...
Limited preview - About this book

The Tax Law of Charitable Giving

Bruce R. Hopkins - 2005 - 816 pages
...income derived from an unrelated trade or business — an amount of income from the property, subject to tax in the proportion in which the property is financed by the debt.28 The term debtfinanced property means (with certain exceptions) all property held to produce...
Limited preview - About this book

The Tax Law of Unrelated Business for Nonprofit Organizations

Bruce R. Hopkins - 2006 - 383 pages
...income derived from an unrelated trade or business) an amount of income from the property, subject to tax in the proportion in which the property is financed by the debt.6 Basically, deductions are allowed with respect to each debt-financed property in the same proportion.7...
Limited preview - About this book

Committee Prints

United States. Congress. Senate. Committee on Finance - 1969
...from "debt-financed" property, which is unrelated to their charitable function, is to be subject to tax in the proportion in which the property is financed by the debt. Thus, for example, if a business or investment property is acquired subject to an 80 percent mortgage,...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF