eLearning

Tax Treatment of Passive Income of Tax Exempt Entities

Price: $224 eLearning

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DESCRIPTION

This course discusses each of the passive sources of income specifically addressed by the Internal Revenue Code, as well as the modifications related to debt-financed property and controlled entities.

Educational Objectives:
• Identify the types of passive income excluded from unrelated business taxable income 
• Describe the requirements and limitations of each such exclusion 
• Describe the rules and the exceptions regarding unrelated business taxable income and debt-financed property 
• Calculate the inclusion amount; Identify the circumstances in which payments from a controlled entity are included in unrelated business taxable income and understand the amount to be included under these rules
• Describe the special rules applicable for years 2006-2009.