{"id":763,"date":"2020-04-23T16:17:19","date_gmt":"2020-04-23T16:17:19","guid":{"rendered":"https:\/\/ayoub-associates.com\/blog\/?p=763"},"modified":"2020-04-23T16:17:22","modified_gmt":"2020-04-23T16:17:22","slug":"irs-treasury-issue-guidance-for-applying-ubti-silo-rules-for-tax-exempt-organizations-by-identifying-separate-trades-or-businesses","status":"publish","type":"post","link":"https:\/\/ayoub-associates.com\/blog\/irs-treasury-issue-guidance-for-applying-ubti-silo-rules-for-tax-exempt-organizations-by-identifying-separate-trades-or-businesses\/","title":{"rendered":"IRS, Treasury issue guidance for applying UBTI &#8220;silo&#8221; rules for tax-exempt organizations by identifying separate trades or businesses"},"content":{"rendered":"\n<p>IR-2020-78, April 23, 2020<\/p>\n\n\n\n<p>WASHINGTON \u2014 The Treasury Department and Internal Revenue Service today issued&nbsp;<a href=\"https:\/\/www.federalregister.gov\/documents\/2020\/04\/24\/2020-06604\/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business\">proposed regulations<\/a>&nbsp;under the Tax Cuts and Jobs Act (TCJA) that provide guidance for tax-exempt organizations that are subject to the unrelated business income tax with more than one unrelated trade or business on how to calculate their unrelated business taxable income (UBTI).<\/p>\n\n\n\n<p>The&nbsp;<a href=\"https:\/\/www.federalregister.gov\/documents\/2020\/04\/24\/2020-06604\/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business\">proposed regulations<\/a>&nbsp;issued today provide guidance on identifying separate trades or businesses, including investment activities, as well as certain other amounts included in UBTI.<\/p>\n\n\n\n<p>Changes under the TCJA require tax-exempt organizations subject to the UBTI tax to compute UBTI, including any NOL deduction, separately for each trade or business (referred to as a &#8220;silo&#8221;).<\/p>\n\n\n\n<p>Under prior law, UBTI was the gross income of all unrelated trades or businesses less the allowed deductions from all unrelated trades or businesses. Starting in tax-year 2018 (tax years beginning after December 31, 2017), the loss from one trade or business may not offset the income from another, separate trade or business.<\/p>\n\n\n\n<p>Updates on the implementation of the TCJA can be found on the\u00a0<a href=\"https:\/\/www.irs.gov\/tax-reform\">Tax Reform<\/a> page of IRS.gov.  <a href=\"https:\/\/www.irs.gov\/newsroom\/irs-treasury-issue-guidance-for-applying-ubti-silo-rules-for-tax-exempt-organizations-by-identifying-separate-trades-or-businesses\">https:\/\/www.irs.gov\/newsroom\/irs-treasury-issue-guidance-for-applying-ubti-silo-rules-for-tax-exempt-organizations-by-identifying-separate-trades-or-businesses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IR-2020-78, April 23, 2020 WASHINGTON \u2014 The Treasury Department and Internal Revenue Service today issued&nbsp;proposed regulations&nbsp;under the Tax Cuts and Jobs Act (TCJA) that provide guidance for tax-exempt organizations that [&hellip;]<\/p>\n","protected":false},"author":88892,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-763","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRS, Treasury issue guidance for applying UBTI &quot;silo&quot; rules for tax-exempt organizations by identifying separate trades or businesses - Ayoub Sidhum &amp; Co.<\/title>\n<meta name=\"description\" content=\"Ayoub and Associates CPA Firm is a full service Corona CPA firm that provides services in accounting, tax preparation and planning, IRS audit, and sales tax. 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