skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

An educational lesson on UBIT

Journal of Accountancy, 2023-04, Vol.234 (4), p.1-2

Copyright American Institute of Certified Public Accountants Apr 2023 ;ISSN: 0021-8448 ;EISSN: 1945-0729

Full text available

Citations Cited by
  • Title:
    An educational lesson on UBIT
  • Author: Geiszler, Matthew ; (Jacky) Aung, Nay Thu Rein ; McKinley, John
  • Subjects: Business income ; District courts ; Education ; Income taxes ; Tax exempt organizations ; Tax refunds ; Unrelated business income tax
  • Is Part Of: Journal of Accountancy, 2023-04, Vol.234 (4), p.1-2
  • Description: First was the question of how to evaluate Mayo's primary purpose: whether it is appropriate to only examine the parent entity's activities or if a more holistic approach of examining the entity's systemwide activities is more appropriate. [...]the court attempted to understand the meaning of "primary," noting that the Eighth Circuit left open the legal question of whether to interpret it to mean a "substantial purpose" of the organization or its "most important purpose." [...]the court entered judgment in favor of the Mayo Clinic and held it is entitled to repayment of the $11.5 million originally in question plus statutory interest. * Mayo Clinic, No. 16-cv-03113 (D. Minn. 11/22/22) - Matthew Geiszler, Ph.D., is a lecturer in accounting within the College of Human Ecology; Nay Thu Rein (Jacky) Aung is a master of health administration candidate in the Sloan Program in Health Administration; and John McKinley, CPA, CGMA, J.D., LL.M., is a professor of the practice in accounting and taxation within the SC Johnson College of Business, all at Cornell University in Ithaca, N.Y. To comment on this column, contact Paul Bonner (mailto:
  • Publisher: New York: American Institute of Certified Public Accountants
  • Language: English
  • Identifier: ISSN: 0021-8448
    EISSN: 1945-0729
  • Source: Alma/SFX Local Collection
    ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait