LAS VEGAS — There is one upside to the Internal Revenue Service's most recent guidance on unrelated business income tax: state-chartered credit unions can now ask more specific questions on what counts and what cannot be considered.

Katherine Weber, a partner with the law firm Messick & Weber P.C., told attendees at NACUSO's annual conference yesterday that the recently issued technical advice memoranda have cleared up some confusion.

"We have the IRS analysis and we can pick it apart," Weber said. "Credit unions can do a better job of figuring out some strategies."

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