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UBIT and UBTI: Implications for Colleges and Universities (2023)
Contains material from Aug 2023
UBIT and UBTI: Implications for Colleges and Universities (2023)
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Session 01: UBIT and UBTI: Communication and Techniques to Manage Risks - A discussion surrounding unrelated business income in a post-TCJA world. Hear key issues from the perspectives of both public and private universities as well as practitioners. Gain insight into best practices surrounding both computation and communication to help you get ahead of potential tax and help you manage risks.
Session 02: Technical UBTI Session: Rent, License or Services – What is it Really for Tax Purposes? - Discuss the many issues that an institution may face when departments submit a purported lease, license, or services agreement with multiple components. Is it a related lease? Does it qualify for the Rental Exclusion? Is it a license, and what are the implications - distinguishing royalties from rents and services income? Does it involve personal property or services? And what about debt financing? Also take a look at book UBI that was brought to life by the Inflation Reduction Act.
Session 02: Technical UBTI Session: Rent, License or Services – What is it Really for Tax Purposes? - Discuss the many issues that an institution may face when departments submit a purported lease, license, or services agreement with multiple components. Is it a related lease? Does it qualify for the Rental Exclusion? Is it a license, and what are the implications - distinguishing royalties from rents and services income? Does it involve personal property or services? And what about debt financing? Also take a look at book UBI that was brought to life by the Inflation Reduction Act.
Includes: Video Audio Slides
- Total Credit Hours:
- 1.75
- Credit Info
- TX, CA
- Specialization: Tax Law
- TX MCLE credit expires: 8/31/2024
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1.
UBIT and UBTI: Communication and Techniques to Manage Risks (Aug 2023)
Amy Bellanca, Jackie Daniels, Matthew Shade
1.00
0.00
0.00
1.00
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Session 1
—56 mins
1.00
UBIT and UBTI: Communication and Techniques to Manage Risks (Aug 2023)
A discussion surrounding unrelated business income in a post-TCJA world. Hear key issues from the perspectives of both public and private universities as well as practitioners. Gain insight into best practices surrounding both computation and communication to help you get ahead of potential tax and help you manage risks.
Originally presented: Jun 2023 Higher Education Taxation Institute
Amy Bellanca,
Crowe LLP - Dallas, TX
Jackie Daniels,
Massachusetts Institute of Technology - Cambridge, MA
Matthew Shade,
Penn State University - University Park, PA
Show session details
2.
Technical UBTI Session: Rent, License or Services – What is it Really for Tax Purposes? (Aug 2023)
Kyle R. ZumBerge, Alexander L. Reid
0.75
0.00
0.00
0.75
Session 2
—50 mins
0.75
Technical UBTI Session: Rent, License or Services – What is it Really for Tax Purposes? (Aug 2023)
Discuss the many issues that an institution may face when departments submit a purported lease, license, or services agreement with multiple components. Is it a related lease? Does it qualify for the Rental Exclusion? Is it a license, and what are the implications - distinguishing royalties from rents and services income? Does it involve personal property or services? And what about debt financing? Also take a look at book UBI that was brought to life by the Inflation Reduction Act.
Originally presented: Jun 2023 Higher Education Taxation Institute
Kyle R. ZumBerge,
The University of Texas Accounting and Financial Management - Austin, TX
Alexander L. Reid,
Baker & Hostetler LLP - Washington, DC