Unrelated Business Income Tax (UBIT) Case Studies
Thursday, August 15, 2019 – Thursday, April 30, 2020
In this CPE course, you will get an understanding of what constitutes unrelated business income. You will consider real-world examples and examine tax court findings and IRS rulings to learn how to deal with some common UBI-generating activities. Also discussed are commonly applied exceptions and exclusions to UBI that can reduce an organization's tax liability, as well as potential red flags that should be avoided.
? Differentiate between the more common unrelated business income (UBI) exclusions and exceptions and determine when they are most likely to apply based on a fact pattern.
? Recognize steps to prepare IRS Form 990-T Exempt Organization Business Income Tax Return.
? Analyze a scenario and calculate UBI.
? Commerciality doctrine
? Exclusions and exceptions
? Activities that result in tax liability
? IRS audit activity
? Completion of IRS Form 990-T Exempt Organization Business Income Tax Return