June 27, 2019

Strafford Publications, Inc.

UBTI for Exempt Organizations: Mastering Form 990-T

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This webinar will give nonprofit tax professionals and advisers a good look at the rules governing unrelated business income tax (UBIT), which U.S.-based tax-exempt organizations must pay on unrelated business taxable income (UBTI). The webinar will focus on the standards and guidelines for determining whether income is UBTI and thus subject to tax, and will provide a detailed exploration into the calculations and preparation of Form 990-T, Exempt Organization Business Income Tax Return.

Learning Objectives

  • Unrelated business taxable income overview
  • Form 990-T filing thresholds
  • UBTI calculations and schedules
    • Tax computation
    • Allocation of expense deductions
    • Rent income (Schedule C)
    • Unrelated debt-financed income (Schedule E)
    • Exploited activities (Schedule I)
    • Advertising income (Schedule J)
    • Other schedules
  • IRS audit triggers leading to increases in UBTI