Unrelated Business Income Tax: Tips, Tricks, and Traps

Unrelated Business Income Tax: Tips, Tricks, and Traps

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Today's Presenters Dave Moja, CPA

? Professional Practice Leader-Tax ? Capin & Crouse LLP

Betsy Krisher, CPA

? President, Maher Duessel

2 Not-for-Profit Section

Learning Objectives

? Identify the core concepts, exceptions and modifications found in the Code and Regulations.

? Identify practical steps for avoiding UBIT pitfalls and minimize tax liability. ? Identify the UBIT implications of the 2017 Tax Cuts and Jobs Act. ? Determine strategies for contemporaneously documenting filing positions.

3 Not-for-Profit Section

Unrelated Business Income Tax Basics

Unrelated Business Income

? Three-Part Test

Exclusions

Exceptions

Modifications

5 Not-for-Profit Section

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