Unrelated Business Income Tax

Don't let your unrelated business income result in noncompliance. Determine what income is subject to UBI Tax with certainty.

The Internal Revenue Service has become more sophisticated and active in the arena of unrelated business income tax. The result of noncompliance can be disastrous in terms of revenue and reputational loss to the organization. The IRS has the ability to assess penalties, sanctions and even revoke the nonprofit status of the organization. State and local regulators have followed the federal lead due to budget constraints and have looked to the not-for-profit sector for alternative revenue sources by disallowing or restricting exemptions such sales and real estate taxes.

This live webinar will provide you with an update on certain key focus areas of the IRS and the implications of the IRS's recently issued Compliance Project Final Report. While the report focused on colleges and universities, the findings will have further reaching impact on all exempt organizations. This webinar will enable you to address some of the old and new issues that currently face the sector in the area of unrelated business income tax, and will explain some of the nuances of what constitutes UBIT and what is mission or exempt revenue. How do organizations' recognize the potential pitfalls or take advantage of new or specifically tax exempted alternative revenue sources?

Learning Objectives

- You will be able to review what income is subject to UBIT based on historical and current IRS concepts.

- You will be able to identify and recognize familiar and new concepts of UBI such as website revenue.

- You will be able to determine ways to reduce or eliminate UBI.

- You will be able to explain acknowledgments or sponsorship vs. advertising, as well identify code specific excluded income.