Country Club Loses Unrelated Business Income Case on Appeal

Abstract

Bruce R. Hopkins' Nonprofit CounselVolume 35, Issue 12 p. 2-3 Articles Country Club Loses Unrelated Business Income Case on Appeal First published: 13 November 2018 https://doi.org/10.1002/npc.30537Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Abstract The US Court of Appeals for the Sixth Circuit, by decision dated October 15, affirmed the US Tax Court's decision that a tax-exempt country club could not offset consistent losses from unprofitable member events against its investment income to avoid paying unrelated business income tax (Losantiville Country Club v. Commissioner). The Tax Court's opinion is summarized in the June 2017 issue. Volume35, Issue12December 2018Pages 2-3 RelatedInformation