Internal Revenue Service Clarifies 501(c)(3) Tax Issue

Kinnander, Ola
January 2002
Bond Buyer;1/18/2002, Vol. 339 Issue 31307, p5
Trade Publication
Reports that the U.S. Internal Revenue Service has clarified that 501(c)(3) organizations' debt-service reserve income should not be classified as unrelated business income. Concerns of bond community over the issue; Overview of the tax code; Other clarification of the 501(c)(3) bonds.


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