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Unrelated Business Income Tax Taxation Internal Revenue Service

Proskauer - Tax Talks

Eighth Circuit Affirms Mayo Clinic’s “Educational Organization” Status and UBTI Refund

Proskauer - Tax Talks on

On July 25, 2025, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court decision holding that the Mayo Clinic is entitled to an $11.5 million refund of certain unrelated business income taxes imposed on...more

Robinson & Cole LLP

IRS Issues Interim Guidance on Qualified Transportation Fringe Benefits

Robinson & Cole LLP on

The IRS issued two pieces of interim guidance with respect to the new treatment of qualified transportation fringe benefits following the changes made by the Tax Cuts and Jobs Act (Tax Act). The Tax Act required parking...more

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