In this CPE course, you will get an understanding of what constitutes unrelated business income. Consider real-world examples and examine tax court findings and IRS rulings to learn how to deal with some common UBI-generating activities.
Learning Objectives
Recognize typical unrelated business activities conducted by exempt organizations;Differentiate between the more common unrelated business income (UBI) exclusions and exceptions and determine when they are most likely to apply based on a fact pattern;Recognize steps to prepare IRS Form 990-T Exempt Organization Business Income Tax Return;Analyze a scenario and calculate UBI
Major Topics
Overview of unrelated business income;Commerciality doctrine;Exclusions and exceptions;Activities that result in tax liability;IRS audit activity;Completion of IRS Form 990-T Exempt Organization Business Income Tax Return
