If you have questions about this event, please call us at 952-831-2707.
Examine unrelated business income tax (UBIT) and related issues. Review changes made by The Tax Cuts and Jobs Act, along with any interim and final guidance on those changes and the special UBIT rules and their application to particular types of organizations and entities. Understand the impacts of the CARES Act and American Recovery Plan on the UBIT on income earned from both operating businesses and investment activities applies to all organizations exempt from tax under Internal Revenue Code Sec. 501(c), as well as public colleges and universities and qualified and non-qualified retirement plans. Explore tax and related issues. Also, examine modifications, exclusions, exceptions and deductible expenses. Further, discuss the specific deduction and special rules for debt-financed income, corporate sponsorships and periodicals, and gaming activities. Receive tips for clients regarding the structuring of new revenue-generating activities. Dive into investment activities, which increasingly result in more organizations having unrelated business taxable income for federal and state purposes and additional filings related to foreign investments. Learn from the experience of the initial year of mandatory e-filing requirements.
