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Unrelated Business Taxable Income Under the Tax Cuts and Jobs Act

September 24, 2018 @ 12:00 pm - 1:00 pm EDT

Free

Participants of the live webinar will be eligible for 1 free CPE credit.

Most tax-exempt organizations are facing significant challenges with the new unrelated business taxable income (UBTI) rules under legislation known as the Tax Cuts and Jobs Act, especially given the lack of guidance to date from IRS/Treasury. It is anticipated that many exempt organizations are likely to pay more UBTI tax than ever before under the new regime. At the same time, these organizations will need to address more complicated reporting and recordkeeping requirements. This webinar will briefly describe the provisions of the tax act related to UBTI and present five tax planning considerations that exempt organizations may want to incorporate into their strategic tax plans.

By the end of this course, participants should be able to:

  • Summarize the key provisions of the Tax Cuts and Jobs Act relating to UBTI (siloing of unrelated trades or businesses; limitation on net operating losses; increase in UBTI for certain parking and transportation fringe benefits)
  • Formulate a course of action for complying with the tax law notwithstanding a lack of guidance to date from IRS/Treasury
  • Employ a logical approach to tax planning, including quantifying the impact of the tax law, analyzing and planning related to net operating losses, revisiting expense allocation methodologies, and more

Who should participate
Chief financial officers, controllers, finance directors, tax directors, and audit committee members

Presenters
Brittney Kocaj, Crowe
Janice M. Smith, Crowe
Johnathan Shaw, Vanderbilt University

Continuing professional education
This session is recommended for 1.0 hours of CPE credit.
Program level: Basic
Prerequisites: None  |  Advance preparation: None
Field of study: Tax

Details

Date:
September 24, 2018
Time:
12:00 pm - 1:00 pm
Cost:
Free
Event Category:
Event Tags:
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Organizers

Crowe Horwath
Crowe

Other

Field of Study
Taxes