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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]
Unrelated Business Income Tax (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax-exempt 26 U.S.C. 501 organization that is not related to the tax-exempt purpose of that organization.
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MLPs aren't the only way to score some great dividends. Learn all the tricks about our 13 favorite high-yielding dividend payers in the Motley Fool free special report. At the time this article ...
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It is the only public-private hybrid system of higher education of its particular type in the United States, although other schools, such as Cornell University, the University of Delaware, and Rutgers University, [4] also have public-private partnerships of their own kind. [5]
In Pennsylvania, intermediate units are regional educational service agencies, established by the Pennsylvania General Assembly.Intermediate units are public entities and serve a given geographic area's educational needs and function as a step of organization above that of a public school district, but below that of the Pennsylvania Department of Education.
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