W195: Unrelated Business Income Tax (UBIT)- Latest Update Nonprofits & Associations
Tuesday, October 26, 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?
Daniel Sharp, CPA
Senior Tax Manager, CPA Department
Daniel has a BBA with a concentration in Accounting, a Masters of Science in Accounting, Enrolled Agent, and a Licensed CPA. He has worked primarily in Public Accounting and Financial Planning. He has also worked for private industry retailers and manufacturers. The largest company he has worked for was the UAW Retiree Medical Benefits Trust. The trust had total plan assets of 60 billion dollars and was established by the big three to satisfy the Health Insurance Obligations of the 700K+ Retirees.
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: