If your organization needs more dollars to thrive (or survive), join this session to learn the tax issues and opportunities of earning income that goes beyond traditional types of fund raising.

In the past, some organizations steered clear of activities that might generate unrelated business income.  In today’s economy, seeking new revenue sources more organizations are conducting entrepreneurial activities which could result in additional revenues and, potentially, unrelated business income tax (UBIT).

In this session, learn what is and what is not unrelated business income is. We will discuss how income from charitable contributions, grants and activities that are clearly related to your organizations charitable, educational or other exempt purposes is not subject to UBIT. However, income from activities that are regularly carried on trades or businesses, unrelated to your tax-exempt purposes, may be subject to UBIT. Also, certain investment income, such as debt financed income may need to be considered in calculating UBIT, while income from some activities may be excluded.

As organizations seek additional revenue sources, including entrepreneurial activities and investment portfolios which include more alternative investments, UBIT must be considered. We will review the requirements for filing a UBIT tax return, available deductions, and discuss how much unrelated business income is too much.

Learning Objectives:

1.  Learn what is and what is not unrelated business income.
2.  Learn the filing requirements for Form 990-T and available deductions.
3.  Learn some of the risks (and rewards) associated with earning unrelated business income.

$225 per connection
GFP Internet Service Subscribers automatically receive an additional $25 discount per person!

Cancellation Policy:
Notice of cancellation must be received 24 hours prior to start-time of the webinar for a full refund of registration fees.  If Wipfli cancels the webinar, you will be notified 24 hours prior to the webinar via email and with a follow-up telephone call.  All registration fees will be refunded.  For questions or concerns, please call 888.876.4992.

*National Registry of CPE Sponsors: Great news, Wipfli LLP is applying with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors for Webinars.  We are currently approved for on-site presentations only. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the national Registry of CPE Sponsors through its website: www.learningmarket.org.

 

Speaker(s)

Rich Ruvelson
Director

View Profile