Unrelated Business Income Tax (UBIT)- Latest Update Nonprofits & Association
Summary of Keypoints
- The virtual workshop focuses on Unrelated Business Income Tax (UBIT) updates for nonprofits and associations, explaining how new or expanded revenue-generating activities may create unrelated business income (UBI).
- It addresses COVID-19’s financial impact on nonprofits, as declining membership dues and event revenue have pushed organizations to diversify income sources that may affect tax-exempt status.
- The session covers IRS interpretations and guidance on UBI, helping executives understand compliance requirements and risks tied to excessive unrelated business activity.
- The event is designed exclusively for association executives and staff, offering 1.5 CPE or 1.5 CAE credits through a live Zoom web conference.
- Attendance is free but requires advance registration, with participation capped at 100 attendees for the live session.
Thursday, June 3, 2021
3:00PM – 4:30PM EASTERN TIME
Zoom Web-conference
COVID19 presents significant challenges for executives leading non-profit organizations. One of the greatest of these is the magnitude of the overall financial impact. As membership dues and conference registrations decline, NFP and Associations are expanding products and services to generate additional income. These activities may be considered unrelated business income (UBI). Executives must carefully monitor the level of UBI activity, as it may jeopardize their exempt status. Learn exactly what UBI means, the interpretations and IRS guidance.
W141: Unrelated Business Income Tax (UBIT)- Latest Update Nonprofits & Associations
This workshop will be conducted 100% virtually via Zoom and is exclusively for Association Executives and staff.
All attendees will receive 1.5 CPE or 1.5 CAE credits.
There is no cost to attend, but registration is required in advance.
Attendance for Live-Zoom session will be limited to 100 persons.