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W436: Understanding Unrelated Business Income

COURSE DESCRIPTION:

Many tax-exempt organizations are surprised to learn that they may have a tax liability due to certain business activities. This session will provide a survey-level view of the tax on unrelated business income (UBI), and how it relates to tax exempt organizations. We will explore the legislative, judicial, and regulatory history of UBI to develop a better understanding of how UBI fits into the tax-exempt sector, and in the process explore strategies to reduce the tax impact to your organization. Soon!

LEARNING OBJECTIVES:

  • – Understand the conceptual history of the tax on unrelated business income
  • – Learn about the various types of UBI, and how to identify potential sources of UBI in your organization
  • – Discover strategies to accurately report UBI in order to most effectively utilize your organization’s resources

J. Calvin Marks, CPA, Tax Manager, Johnson Lambert LLP; and Andrew Hassler, Senior Tax Associate, Johnson Lambert LLP