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U.S. District Court Finds Mayo Clinic Qualifies as an “Educational Organization”; Awards $11.5M UBTI Refund | Tax Talks
https://www.proskauertaxtalks.com/2023/01/u-s-district-court-finds-mayo-clinic-qualifies-as-an-educational-organization-awards-11-5m-ubti-refund/
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Tax-exempt organizations, while not generally subject to tax, are subject to tax on their “unrelated business taxable income” (“UBTI”). One category of
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