Unrelated Business Income Tax (UBIT)- Latest Update Nonprofits & Associations

 

 

 

 

 

 

Webinar: group live presented online  ||  Attendance: 95 Associations  ||  Reviews   ♦♦♦♦♦  ||  Excellent clear and concise presentation of very complex and often dull content — she was superb. || This has been so illuminating || I have to thank you all. the presentation is simply fantastic!!!

Click here for Recorded Webinar

(Note: CAE or CPE credits can only be granted to attendees of the group-live webinar presented online)

 

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?
SPEAKER BIOS

Jennifer Eubanks
Principal, CPA Department
Jennifer is a Certified Public Accountant and holds a Master of Science in Accounting. She’s also earned her CGMA designation and CMA certification. Jennifer is board member for the George Mason School of Business Center for Government Contracting and has been a guest speaker at George Mason University (her alma mater). In addition, she’s a Cohort of the Goldman Sachs 10,000 Small Business Program and member of the Greater Reston Chamber of Commerce, the Small and Emerging Contractors Advisory Forum (SECAF), the AFCEA professional association, the Vistage® CEO network, the Institute of Management Accountants (IMA®), the American Institute of CPAs (AICPA), and the Virginia Society of CPAs (VSCPA). Jennifer was nominated a Top Financial Professional by Northern Virginia Magazine in 2016, 2018, 2019 and 2020. Jennifer previously served as Controller of a non-profit organization and CFO of an Industry Association. 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

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