{"abstract":"This document contains proposed regulations that provide guidance on how an exempt organization subject to the unrelated business income tax described in section 511 of the Internal Revenue Code (Code) determines if it has more than one unrelated trade or business, and, if so, how the exempt organization calculates unrelated business taxable income. The proposed regulations also clarify that the definition of \"unrelated trade or business\" applies to individual retirement accounts. Additionally, the proposed regulations provide that inclusions of subpart F income and global intangible low-taxed income are treated in the same manner as dividends for purposes of section 512. The proposed regulations affect exempt organizations.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/04/24/2020-06604.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26},{"chapter":null,"citation_url":null,"part":602,"title":26}],"citation":"85 FR 23172","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0006-0001","comments_close_on":"2020-06-23","correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be submitted by June 23, 2020.","disposition_notes":null,"docket_ids":["REG-106864-18"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":19,"comment_start_date":"2020-04-24","updated_at":"2024-11-06T19:19:43.332-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0006-0001","allow_late_comments":true,"id":"IRS-2020-0006-0001","comment_end_date":"2020-06-24","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2020-0006","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business (REG-106864-18)"}],"document_number":"2020-06604","effective_on":null,"end_page":23199,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/24/2020-06604.xml","html_url":"https://www.federalregister.gov/documents/2020/04/24/2020-06604/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-06604?publication_date=2020-04-24","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-24/2020-06604/mods.xml","not_received_for_publication":null,"page_length":28,"page_views":{"count":13709,"last_updated":"2026-04-21 10:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-24/pdf/2020-06604.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-06604.pdf?1587645928","publication_date":"2020-04-24","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/24/2020-06604.txt","regulation_id_number_info":{"1545-BO79":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1545-BO79/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business-activity","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business Activity","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1545-BO79&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["1545-BO79"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BO79/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business-activity","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business Activity"},"comments_count":19,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0006","supporting_documents_count":0,"docket_id":"IRS-2020-0006","document_id":"IRS-2020-0006-0001","regulation_id_number":"1545-BO79","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business (REG-106864-18)","checked_regulationsdotgov_at":"2024-11-07T00:02:26Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2020-0006-0001","significant":true,"signing_date":null,"start_page":23172,"subtype":null,"title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business","toc_doc":null,"toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":85}