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BLOCKING UBIT

From David T. Leibell and Daniel L. Daniels, principals in Cummings & Lockwood LLC in Stamford, Conn., we have this update: The Internal Revenue Service has ruled that a charitable remainder trust's investment in a private equity fund did not cause a problem of unrelated business income tax (UBIT) when the investment was made through an off-shore corporation established by the fund. One of the scariest
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From David T. Leibell and Daniel L. Daniels, principals in Cummings & Lockwood LLC in Stamford, Conn., we have this update:

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