Discussion of the impact of UBIT on employee benefit plans. This will include how it arises, special rules for VEBAs, 990-T filings, EIN issues, debt financed, investment issues, receipt of K-1s. UBIT tax rules and how to handle UBIT issues in an EB plan audit.
Learn how to identify situations where UBTI issues may be present, how to conclude whether UBIT does apply, and how to handle tax reporting when does
Learn how to account for UBIT issues in financial statements for IQPA audits