UST WEBINAR SERIES
W181: Hot Topics in Tax for Business Associations
Thursday, September 23, 2021
11:00 AM - 12:30 PM (EASTERN TIME)

This 90 minute course will cover tax topics that are relevant for business associations.  It will span topics such a common unrelated business income (UBI) tax on associations, state payroll implications as a result of the increase in remote workers, and recent developments in sales and use tax nexus and taxability rules impacting business associations.

Learning Objectives
  • Summarize the IRS oversight of executive compensation;
  • Describe the proper classification of common UBI items;
  • Identify potential state payroll tax issue related to remote workers;
  • Recognize the types of sales that may be subject to sales and use tax

SPEAKER BIOS
Stacy Cullen
Tax Director
Stacy Cullen, JD, LLM, is a director in Aronson’s Nonprofit and Associations Services Group. Stacy has a wealth of experience assisting clients with all aspects of the Forms 990, 990-T and 990-PF and provides advice on tax issues that are pertinent to not-for-profit entities such as unrelated business taxable income, tax-exempt structural issues, state charitable registrations, international employee compensation and benefits, lobbying expenditures, public support tests, supporting organizations and the use of tax-exempt bonds and related issues. Stacy has experience with private foundations including advising on qualifying distributions, excise tax, charitable use assets and self-dealing regulations. Further, Stacy has an excellent track record of working with the IRS both during IRS audits of nonprofits and to abate penalties that have been assessed. Stacy frequently presents to the Board of Directors and Audit Committees on tax issues impacting nonprofit organizations. Prior to joining Aronson, Stacy was the Director of Nonprofit Tax Services at a regional accounting firm where she assisted over 175 nonprofit clients with all their tax needs. Stacy began her career with Deloitte Tax. During her 10 years with Deloitte she worked in mergers and acquisitions, tax controversy, information reporting, and anti-money laundering before specializing in non-profit tax advising. Stacy entered into public accounting after completing her law degree at Benjamin N. Cardozo School of Law in New York, and her LLM in Taxation from the University of Florida. Stacy received a Bachelor of Arts degree from Michigan State University.
Michael Colavito
State & Local Tax Senior Director
Michael Colavito is a director in the state and local tax practice of Aronson’s Tax Services Group. Michael assists clients with a broad range of state and local tax issues. His expertise extends to many areas of multi-state taxation, including income, franchise, sales and use, and property taxes. Michael’s experience also includes representing clients at all stages of tax controversy—from audit through appellate litigation as well as advising clients on restructurings and state tax refund and planning opportunities. Prior to joining Aronson, Michael served in the state and local tax group of a large, national firm.
Level Intermediate Delivery Group Internet-Based
CPE(NASBA Category) Taxes Reviewer Wade Tetsuka, CPA
CAE (Field of Study) Operations CPE/CAE Credits 1.5
Prerequisites and advance preparation needed at least 1 year of non profit accounting Cost $0.00
Refund and Complaint Resolution Policy: www.ustranscorp.com/webinar-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: www.nasbaregistry.org