Unraveling UBIT: Rules, Reporting, and Risk Reduction

Not-for-profit entities engage in various income generating activities, and most of these income streams are tax-exempt because they are earned while advancing an organization’s charitable mission. However, income generated from activities outside a nonprofit’s tax-exempt purpose may be subject to unrelated business income tax (UBIT). Revenue subject to UBIT can become quite costly to a tax-exempt organization, especially those that fail to accurately report the UBIT. This CLE webcast will provide not-for-profit organizations and attorneys who represent them or serve on their boards a foundational understanding of UBIT rules and strategies to mitigate UBIT risk. Register today for this perennial CLE webcast! This webinar agenda will be your key to navigating complicated income stream categorization questions and avoiding unanticipated UBIT consequences. This practical presentation will cover: - Definitions and general rules governing UBIT - Common UBIT exclusions and exceptions - UBIT filing and reporting requirements - Practical UBIT takeaways This program is essential for attorneys who represent nonprofits, work at nonprofits, or serve on nonprofit boards. Accountants or development staff at tax-exempt organizations will also find this webcast useful to their daily work.