Unrelated Business Activities Update - Part 1

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Overview

1.0 Credits
ONLINE

There is a lot going on in the UBIT arena in 2018.  New code sections on "silo-ing" and the new "parking tax" may dramatically increase unrelated business income tax for many organizations.  Couple those with the IRS' ramped up examinations of several facets of UBIT, "data-driven decision making," and the eminent release of expense allocation regulations and WOW! we've got the potential for increased outflows of cash by many - if not most - charities.  Let's take a look at UBIT from a historical, current, and future prospective.

Objectives

  • Recognize the basic components of UBIT and the various exclusions.
  • Distinguish potential areas of concern for your organization in the two new Internal Revenue Code sections (512(a)(6) and 512(a)(7)).
  • Identify some areas on Form 990 that might create a UBIT audit risk.
  • Estimate the potential future amounts of tax your organization may have to pay.

Major Topics

  • Not-for-Profit
  • Tax
  • Unrelated Business Income
  • Tax Reform

Designed For

CPAs, CFOs, Controller, anyone who works with not-for-profit organizations in the area of accounting - especially if you have tax responsibilities.

Prerequisite

Attendees should have some knowledge of the unrelated business arena.  Suggested: a review of IRS Publication 598.

Advanced Preparation

Suggested: a review of IRS Publication 598.

Information on how to log-on to the webinar, troubleshooting, and contact information will be included with your registration confirmation.