W112: Unrelated Business Income – Latest Update Nonprofits & Associations
|Title||W112: Unrelated Business Income – Latest Update Nonprofits & Associations|
|Date||November 19, 2020|
|Time||3:30 pm – 5:00 pm (EASTERN TIME)|
|Description||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.|
Khang joined CPA Department with more than 20 years of experience in delivering professional tax services. Khang leads CPA Department’s tax team and works with clients to help manage tax compliance, controversies, and strategic planning for income, property and other related tax matters.
Prior to joining CPA Department, Khang worked with Big Four public accounting firms, including KPMG and Andersen, before moving to Fortune 500 companies in Tax, Accounting, Advisory and Program Management roles. Khang has a broad knowledge of tax and deep expertise in the financial services and financial instrument area, specifically working with clients in the private equity, manufacturing, information technology, real estate, banking, securitization, and financial services industries. His depth and breadth of knowledge brings significant compliance and strategic planning opportunities to CPA Department clients, particularly related to federal, state and international income taxes.
|CPE (NASBA Category)||Taxes|
|CAE (Field of Study)||Administration|
|CPE / CAE Credits||1.5|
|Learning Objectives||Publication 598 – what is UBI?
Court interpretations of UBISilos, rates, fringe benefits – Tax Cuts and Jobs Act impact on UBIT
IRS Guidance – Notice 2018-67
Assessment and Documentation
How much is too much?
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