WASHINGTON–The IRS continued issuing Technical Advice Memoranda defining what activities it considered unrelated to the business of a credit union and therefore subject to unrelated business income tax.

In April, the IRS issued eight TAMs and buried in them something new to raise the ire of credit unions; one of these TAMs placed non-member ATM fees under the UBIT tax on business regularly conducted that is not part of an organization's tax-exempt mission.

Over the last year, the IRS has issued TAMs in Alabama, Connecticut and Colorado, declaring sale of accidental death and dismemberment insurance, group life, dental, health and cancer insurance, car buying service and sale of car warranties, guaranteed auto protection insurance, credit disability insurance, and MEMBERS financial management services subject to UBIT.