HIGHLIGHTS Bulletin No. 2020–52 OF THIS ISSUE December 21, 2020
EXEMPT ORGANIZATIONS
Internal Revenue Bulletin 2020-52 · 2026-10-03 edition · updated 2026-10-04 · United States
T.D. 9933, page 1692. Certain organizations that are generally exempt from federal income taxes are taxed on income from business activities that are not related to their exempt purpose. The calculation
Finding Lists begin on page ii.
of the tax on the unrelated business income depends upon whether the tax-exempt organization has more than one unrelated trade or business. The final regulations provide guidance on how these tax-exempt organizations determine if they have more than one unrelated trade or business, and, if so, how to calculate the amount of taxable income they have from the unrelated business activities. The final regulations also clarify that these regulations, as well as others on this topic, apply to individual retirement accounts.
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