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Higher Education Taxation Institute - Summer Series II

Contains material from Aug 2020

Higher Education Taxation Institute - Summer Series II
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This series provides college and university tax professionals with important updates on federal tax issues and compliance, as well as legislative, judicial, regulatory, and administrative changes affecting colleges and universities. Part Two of the series includes:
  • What's New in the World of Compensation and Benefits with Stephen LaGrande, Ernest and Young and A. L. (Lorry) Spitzer, Massachusetts Institute of Technology
  • Solving the Next Rubrik's Cube: A Panel Discussion of Best Practices on Reporting UBTI in Silos on the Form 990-T and Managing Related Risks, with John R. Barrett, University of California System, Susan P. Clark, Emory University School of Law and Preston J. Quesenberry, KPMG LLP

Includes: Video Paper Slides No Materials

  • Total Credit Hours:
  • 3.00 (Expected)
  • Credit Info
  • TX
  • TX MCLE credit expires: 7/31/2021

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Credit

1. What's New in the World of Compensation and Benefits  (Aug 2020)

Joseph R. Irvine, Stephen LaGarde, A. L. (Lorry) Spitzer

1.50 0.00 0.00 1.50
Preview Materials

Download session materials for offline use

(mp4)
88 mins
(pdf)
19 pgs
No Materials
(pdf)
1 pgs
Session 1 — 88 mins, credit 1.50
What's New in the World of Compensation and Benefits  (Aug 2020)

Need topic description

Originally presented at: Aug 2020 Higher Education Taxation Institute - Summer Series II

Joseph R. Irvine, The Ohio State University - Columbus, OH
Stephen LaGarde, Ernst & Young LLP - DC
A. L. (Lorry) Spitzer, Massachusetts Institute of Technology - Cambridge, MA

2. Solving the Next Rubrik's Cube: A Panel Discussion of Best Practices on Reporting UBTI in Silos on the Form 990-T and Managing Related Risks (Aug 2020)

Edward J. Jennings, John R. Barrett, Susan P. Clark, Preston J. Quesenberry

1.50 0.00 0.00 1.50
Preview Materials

Download session materials for offline use

(mp4)
90 mins
(pdf)
21 pgs
(pdf)
13 pgs
No Materials
(pdf)
1 pgs
Session 2 — 90 mins, credit 1.50
Solving the Next Rubrik's Cube: A Panel Discussion of Best Practices on Reporting UBTI in Silos on the Form 990-T and Managing Related Risks (Aug 2020)

In the wake of the proposed regulations, questions continue to arise regarding how to best manage tax risks, minimize tax liabilities and lessen administrative burdens when filing the Form 990-T, Exempt Organization Income Tax Return. Should your institution report UBTI activities based on the NAICS 6-digit or 2-digit codes or another method? Should UBTI activities be reported by program, e.g. golf outings, or by function, such as separately reporting concessions, cart rentals, meals and fees from the golf outings? Should UBTI from investments be included in one bucket, as qualified partnership investments (QPI), or multiple buckets? How should expenses be allocated  among these various silos or buckets? How should these net operating losses (NOLs) be applied and carried forward, particularly with respect to the new rules on carrying back NOLs? Is your institution prepared to file quarterly estimated taxes? This session will provide the attendees with suggestions on best practices to put your institution in the best position with respect to these rules.    

 

Originally presented at: Aug 2020 Higher Education Taxation Institute - Summer Series II

Edward J. Jennings, University of Michigan - Ann Arbor, MI
John R. Barrett, University of California System - Oakland, CA
Susan P. Clark, Emory University - Atlanta, GA
Preston J. Quesenberry, KPMG LLP - DC

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