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Summary Unrelated Business Taxable Income (UBTI) is the income that can trigger Unrelated Business Income Tax (UBIT) for tax-exempt organizations and retirement accounts. Investors can own MLPs ...
Instead of a Form 1099, MLP investors receive a Schedule K-1 tax form. As a consequence of their pass-through status, holding MLPs in tax-exempt accounts may generate Unrelated Business Income Tax (UBIT). [2] To encourage tax-exempt investors, some MLPs set up C corporation holding companies of limited partner which can issue common equity. [3]
Here’s how a master limited partnership works, examples of MLPs and their pros and cons. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
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The university is a tax-exempt organization, and its pizza parlor generates unrelated business income. While the tuition and fees generated by the university are tax exempt, its income from the pizza parlor is not tax-exempt because the pizza parlor is unrelated to the university's educational purpose.
Pennsylvania electricity production by type. This is a list of electricity-generating power stations in the U.S. state of Pennsylvania, sorted by type and name. In 2022, Pennsylvania had a total summer capacity of 49,066 MW through all of its power plants, and a net generation of 239,261 GWh. [2]
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PPL Corporation was founded as Pennsylvania Power & Light in 1920, the product of a merger of eight smaller Pennsylvania-based utility companies. It gradually extended its service territory to a crescent-shaped region of central and Northeastern Pennsylvania , stretching from Lancaster in central Pennsylvania through the Lehigh Valley in ...