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Unrelated Business Income Tax (UBIT) Case Studies: Not-for-Profit Tax Compliance
CPE Self-study

Unrelated Business Income Tax (UBIT) Case Studies: Not-for-Profit Tax Compliance

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.

$60 - $95
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

2

Author(s)

Brian Yacker

Availability

1 year

Product Number

165413

 Business & partner 
Product Details

This video-based CPE course is included in Not-for-Profit Certificate II. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Tax Compliance track.

The reporting of unrelated business income has become increasingly significant in the not-for-profit sector after an IRS study found that many not-for-profit organizations are under-reporting their tax liabilities. Recent IRS audits have increased their scrutiny in this area.

In this CPE course, you will get an understanding of what constitutes unrelated business income. You will consider real-world examples and examine tax court findings and IRS rulings to learn how to deal with some common UBI-generating activities. Also discussed are commonly applied exceptions and exclusions to UBI that can reduce an organization's tax liability, as well as potential red flags that should be avoided.

Key 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
Learning Outcomes
  • 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
Credit Info
CPE Credits
Online
2
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Experience working in or with the not-for profit industry
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$95.00
AICPA Members
Online
$75.00
NFP Section Members
Online
$60.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

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Instructors
Brian Yacker
JD, CPA
Brian Yacker has more than 20 years of tax, legal, and accounting experience in serving exempt organizations. His areas of expertise include public support test calculations and planning; preparation of reasonable compensation rebuttable presumption binders and Reasonable Compensation Studies; governance best practices consultation; recommendations regarding effective Bylaws; conducting of EO Governance Check-Ups; compliance with the §501(h) lobbying safe harbor; proper functional expense allocations; maximizing charity watchdog ratings; preparation of federal and state Tax Exemption Applications; conducting of unrelated business income revenue stream studies; and the proper internal and external reporting of special event fundraisers. Yacker is actively involved in the AAA-CPA, serving on their Board of Directors, Finance Committee, and Executive Committee. He also serves on the Board of Directors and as an Executive Committee member for BookEnds and as the Treasurer for the Long Beach Nonprofit Partnership. Yacker earned his Bachelors degree in Finance/Marketing from the University of Virginia and his Juris Doctor from the Indiana University School of Law (Bloomington). His personal interests include hiking, camping, sports memorabilia collecting, playing fantasy sports, Asian cooking, and spending time with his wife, two daughters, and son.
Accessibility

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Unrelated Business Income Tax (UBIT) Case Studies: Not-for-Profit Tax Compliance
Select from the following options:
Online
$95.00
Nonmember Price
$95.00
Price excluding sales tax
$95.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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