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Unrelated Business Income Tax: Not-for-Profit Tax Compliance
CPE Self-study

Unrelated Business Income Tax: Not-for-Profit Tax Compliance

Earn CPE as you learn about the types of activities that may result in unrelated business income tax.

$39.20 - $59
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

1.5

Author(s)

MTAX and William E. Turco, McGladrey LLP

Availability

1 year

Product Number

165142

 Business & partner 
Product Details

This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Tax Compliance track.

A not-for-profit (NFP) may be liable for federal income taxes if it generates certain types of income from business activities that are unrelated to its tax-exempt purpose or mission. Common examples include sales of merchandise, provision of services to unrelated entities, advertising, leasing of facilities, and certain investment income. This CPE course provides an overview of the tax compliance issues related to unrelated business income taxes (UBIT). You will learn about the various types of activities that may result in UBIT and the common statutory exceptions and exclusions available under federal tax law.

Key Topics
  • Meaning of exempt purpose
  • Related vs. unrelated activities
  • Definition of unrelated business income
  • Consequences of excessive unrelated business income
  • Exempt vs. non-exempt income
  • Statutory exemptions and exclusions
  • IRS Filing Requirements
Learning Outcomes
  • Differentiate between unrelated business income and other types of income received by NFPs.
  • Recall the three criteria to determine whether income is subject to UBIT.
  • Identify the statutory exceptions to UBIT.
  • Recall the specific requirements and exceptions that apply to investment and debt-financed income.
  • Identify the basic IRS filing requirements related to UBIT.
Credit Info
CPE Credits
Online
1.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
Knowledge of the not-for-profit industry
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$59.00
AICPA Members
Online
$49.00
NFP Section Members
Online
$39.20

Group ordering for your team

2 to 5 registrants

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Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
MTAX and William E. Turco
CPA
McGladrey LLP
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Cancellation Policy
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Unrelated Business Income Tax: Not-for-Profit Tax Compliance
Select from the following options:
Online
$59.00
Nonmember Price
$59.00
Price excluding sales tax
$59.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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