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August 28, 2018 Article 4 min read
Notice 2018-67 provides interim guidance with respect to the new Internal Revenue Code Sec. 512(a)(6).

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One of the new elements of the 2017 Tax Act, which isolates unrelated business activities into separate trade or business units, has the potential to create tax liabilities for not-for-profit organizations. The IRS just released Notice 2018-67, which provides more guidance on this topic. For our high-level overview of the guidance, including details on how the IRS recommends organizations "silo" their unrelated business income, read our alert now.

This article originally appeared on American Health Lawyers Association, Washington, DC. Reprint permission granted.