Unrelated Business Income Tax: Not-for-Profit Tax Compliance
Valid for one year from purchase date
Self-study - On-Demand
1.5 CPE (1.5 technical)
Course code: 26SI-0314
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A common misperception is that NFPs are exempt from all taxes. However, federal law permits an NFP to engage in a certain amount of income-producing activity that is unrelated to its exempt purpose, which may be subject to unrelated business income taxes (UBIT). This course introduces you to tax and compliance issues related to UBIT of tax-exempt, not-for-profit entities (NFPs).
Major subjects
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Unrelated business income.
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UBTI: Three criteria.
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Statutory exceptions.
Learning objectives
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Recognize unrelated business income.
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Recall the three criteria to determine whether income is subject to unrelated business income tax.
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Identify statutory exceptions to and exclusions from unrelated business income tax.
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Recall the specific requirements and exceptions that apply to investment and debt-financed property.
Who should take this program?
- New accountants interested in the basics of tax and compliance requirements that apply to tax-exempt, not-for-profit entities; experienced accountants who are new to the not-for-profit industry or are in need of a refresher on tax and compliance requireme
Pricing
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Standard Member Fee |
$59.00
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 Standard Nonmember Fee |
$75.00
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