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Unrelated Business Income Tax: What You Need to Know

August 19, 2021 @ 1:00 pm - 2:00 pm EDT

Free
MossAdams CPE Webinars

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

START TIME:
August 19, 2021 10:00 AM PST
DURATION:
1 hour
LOCATION:
Online
CREDITS:
1
CONTACT:
Danielle Johns, Moss Adams, (303) 294-7772
COST TO ATTEND:
Complimentary

Your private foundation could be subject to unrelated business income tax (UBIT)—even if it’s otherwise exempt from income tax under Internal Revenue Code Section 501(c)(3). Income from certain investments or other activities could result in UBIT and additional filing requirements.

Discover what your private foundation needs to know about UBIT in our webcast. Specific topics we’ll address include:

  • Three factors to determine what qualifies as an unrelated trade or business
  • Exclusions from unrelated trade or business income
  • Unrelated business income reporting
  • Nuances of debt financed income
  • Separate reporting of unrelated business activities

REGISTER

Speakers

Colleen Ramires, Senior Manager, Moss Adams

Colleen has practiced public accounting since 2008. She provides tax planning, research, and compliance services to not-for-profit entities in health care services, social services, and the arts, as well as private and public foundations. Her expertise includes Affordable Care Act compliance; unrelated business income; private foundation requirements; employee benefit reporting; and exempt status structuring, application, and maintenance.

Patty Mayer, CPA, Director, Moss Adams

Patty has practiced public accounting since 1984. She provides tax and related tax planning services with an emphasis on not-for-profit and Tribal organizations. Patty works predominately with public charities, private foundations, and Tribal organizations. She is a leader of our Southern California not-for-profit tax practice and a member of our Not-for-Profit Tax Committee.

CPE Information

PROGRAM LEVEL:
Overview
CREDITS:
Taxes: 1
DELIVERY METHOD:
Webcast
LEARNING OBJECTIVES:

After completing this training, participants will be able to identify the three factors to use to determine what’s an unrelated trade or business; describe the various elements that impact UBIT; and identify nuances of debt financed income.

PREREQUISITES:
None
REFUND POLICY:

For more information about administrative policies regarding CPE, refunds or complaints, please contact Danielle Johns at (303) 294-7772 or send her an email.

Moss Adams is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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