Code section 512(a)(3)(E) and Treas. Reg. §1.512(a)-5T address the computation of the unrelated business taxable income of voluntary employees’ beneficiary associations (VEBAs) described in §501(c)(9). The provisions also apply to supplemental unemployment compensation benefit trusts (SUBs) described in §501(c)(17).

 §512(a)(3)(E). Unrelated business taxable income for social clubs, VEBAs, and SUBs is calculated differently than for most other exempt organizations. Continue reading →