Every organization should have a familiarity with the top unrelated business income tax (UBIT) issues that they likely face. In this session we will take a quick look at the history of UBIT and use brief case studies to highlight potential unrelated business activities in three top UBIT areas: property rentals, corporate sponsorships, and allocations from alternative investments. Specifically, we’ll discuss the nuances of property rental income and which organizations are in an advantaged tax position, examine types of corporate “sponsorship activities” that might be taxable now and in the future, and explain “taxic” investments and how an organization’s investment policy can help avoid unexpected tax bills. The real world examples will help participants apply UBIT tenets to the activities being carried on at their organizations.
Gain an understanding of common unrelated business issues
Discern ways in which common UBIT may affect your organization