Unrelated Business Income: Practical Tips & Tricky Issues
Identifying unrelated business income (UBI) can be tricky, and knowing what to report is a challenge. Join BKD as we provide information to help you consider if your organization has UBI and what you should be reporting. We will walk through common types of activities that create UBI, discuss UBI siloing rules under the Tax Cuts and Jobs Act and cover how to report the income on Form 990-T.
Upon completion of this program, participants will be able to:
- Identify UBI
- Recognize common activities that may create UBI
- Explain how to report UBI
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BKD, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. 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.nasbaregistry.org.