CPE Course Unrelated Business Income Tax Fundamentals

October 23, 2017

2:00 PM — 5:00 PM

Location Webinar

Member Price $90.00
Non-member Price $140.00

Curriculum Taxation

Field of Interest

Level Advanced

Designed For

CPAs who work with exempt organizations and professionals working for exempt organizations who are responsible for filing Form 990 or are responsible for advising on new revenue generating endeavors.

3.00 credits

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Objective

  • Identify the history and applications of the unrelated business income tax (UBIT).
  • Recognize the definition of unrelated business income and it's implications for both an organization's operating trades and businesses and investment activities.
  • Determine exclusions, modifications and exception to unrelated business income.
  • Identify debt financed income.
  • Recognize the rules for deducting expenses in determining unrelated business taxable income, filing requirements and the implications of earning unrelated business income beyond potentially paying tax.
  • Identify special rules for particular activities.
  • Identify federal and state filing issues.

Highlights

  • Definition of unrelated business
  • Unrelated business income tax: origins, exclusions, modifications and exceptions
  • Special rules
  • Debt financed income issues
  • Filing requirements
  • State UBIT filings and other federal filings relating to foreign investments

Instructors

Prerequisites

Experience preparing Form 990 and/or Form 990-PF.

Developer

California Society of CPAs

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