W141: Unrelated Business Income Tax (UBIT)- Latest Update Nonprofits & Associations
Thursday, April 29, 2021
3:00 pm - 4:30 pm (EASTERN TIME)

COVID19 presents significant challenges for executives leading non-profit organizations. One of the greatest of these is the magnitude of the overall financial impact. As membership dues and conference registrations decline, NFP and Associations are expanding products and services to generate additional income.  These activities may be considered unrelated business income (UBI).  Executives must carefully monitor the level of UBI activity, as it may jeopardize their exempt status. Learn exactly what UBI means, the interpretations and IRS guidance.

Learning Objectives
  • Publication 598 – what is UBI?
  • Court interpretations of UBI Silos, rates, fringe benefits – Tax Cuts-Jobs Act impact on UBIT IRS Guidance
  • Notice 2018-67Assessment and Documentation. How much is too much?
James (Jim) Niblock
Senior Tax Manager, CPA Department
A graduate of both business school and law school, Jim has advised business clients for more than twenty-five years as a CPA and as a former practicing attorney. Jim specializes in the multi-state tax aspects of business transactions, tax compliance, and tax planning. He also has experience assisting clients in the areas of retirement plans, corporations, partnerships, LLCs, and not-for-profit organizations. Jim is also experienced in working with attorneys and other non-CPA professionals to provide clients with estate planning and business succession planning services. Jim is currently licensed in Florida and Iowa as a CPA and in Iowa as a licensed attorney. Education JD – University of Iowa College of Law. BBA, Accounting – University of Iowa. Specializations Multi-state taxation Retirement and estate planning Taxation for corporations, partnerships, LLCs and non-profit organizations
Level Intermediate Delivery Group Internet-Based
CPE(NASBA Category) Taxes Reviewer Wade Tetsuka, CPA
CAE (Field of Study) Administration CPE/CAE Credits 1.5
Prerequisites and advance preparation needed At least 1-year of accounting in public or private nonprofit industry is preferred; no advance preparation required. Cost $0.00
Refund and Complaint Resolution Policy:

U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: