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AICPA Not-for-Profit Industry Conference


NOT2053 - UBIT and "Bucket Lists," or "How Do We Silo" under New 512(a)(6)?


Jun 10, 2020 9:05am ‐ Jun 10, 2020 10:20am

Description

In this third year of having to define (and report on) "separate unrelated trades or businesses," the tasks remain daunting. This fast-pace session will focus primarily on the hard questions practitioners face in grouping unrelated activities by type both generically and by relationship. In addition, we'll cover issues in characterizing partnerships and categorizing their income streams, handling investment income hiccups, and all the quirks that guidance (hopefully) has answered for various UBIT sub-sector rules. Come prepared to "know you are not alone" and to field tips and suggestions for making life easier!

Learning Objectives:
  • Understand the aspects and factors by which unrelated activities may be grouped generically or relationally
  • Appreciate the conditions by which pass-through UBIT revenue streams are properly assignable to stand-alone silos versus characterized by activity type

Speaker(s):

  • Eve Borenstein, JD, Principal (ERB LLC) / Of Counsel (Harmon Curran), Eve Rose Borenstein LLC (training/speaking) / Harmon Curran Spielberg & Eisenberg LLP (legal practice)
Tags: TAX
Category: Concurrent Session (Onsite and Online)

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