Insurance Products Provide Taxable Income to State Credit Unions, IRS Says
Author: Staff Editors.
Source: Volume 20, Number 05, May/June 2007 , pp.51-54(4)
< previous article |next article > |return to table of contents
Abstract:
In technical advice, the IRS considered whether a state chartered credit union deriving income from certain types of insurance and other activities produced unrelated business taxable income under Section 511. Of the six specified activities, the IRS concluded that four produced UBIT, but two did not.Keywords:
Affiliations:
.