Unrelated Business Income Tax (UBIT) Case Studies: Not-for-Profit Tax Compliance
Provider: AICPA
Length: 100 minutes
Taxes
2 CPE Credits
Intermediate
QAS self study
**This video-based CPE course is included in [Not-for-Profit Certificate II](https://future.aicpa.org/cpe-learning/course/not-for-profit-certificate-ii). It can be purchased individually or as a part of the [Not-for-Profit Certificate II - Tax Compliance](https://future.aicpa.org/cpe-learning/course/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.
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.