SESSION 1 — 88 mins, credit 1.50
UBIT Essentials (Jul 2019)
Your university may conduct business activities unrelated to its tax-exempt purpose or mission. Learn to apply the three-prong UBI test, statutory exceptions, and statutory exclusions to activities common at college and university campuses. We’ll build the case for expenses allowed against gross income, and touch briefly on “what’s new” in UBI such as siloing and fringe benefits with more details to come in later sessions.
Originally presented at: Jun 2019 Higher Education Taxation Essentials