Home > Events and Programs > 2013 Unrelated Business Income Tax
2013 Unrelated Business Income Tax
February 20-22, 2013
Renaissance Orlando at Sea World
Orlando, FL
Overview
Having trouble getting your arms around the federal tax rules on unrelated business income (UBI)? Our team of campus tax experts will teach you how to understand and apply the fundamental concepts of UBI as well as easily identify potential UBI-generating activities. Discover how to engage colleagues around campus in helping to limit your institution’s UBIT exposure and set up practical tools such as checklists and forms to streamline processes.
You’ll walk away with a better understanding of this often misunderstood, but critical area of tax compliance.
Who Should Attend
- Assistant Controllers
- Auxiliary Services Managers
- Chief Financial Officers
- Controllers
- Tax Counsel
- Tax Managers
What You'll Learn
- Discuss how to engage colleagues around campus to help limit your institution's exposure
- Discover how to identify and manage UBIT and apply your knowledge in small group case studies
- Hear the latest IRS developments and interpretations on UBI matters
Prerequisites
No prerequisites and/or advance preparation required.
Course Level
Estimated CPEs
Participants will be awarded up to 17 CPE credits. CPE credits can be earned in the following categories:
Tax
Fees
Member Early Registration: $675.00Non-Member Early Registration: $825.00
(Early bird ends 1/20/2013)
Schedule
Wednesday, February 20
| 12:00 pm | Registration Opens |
| 1:00 pm | Welcome and Introductions |
| 1:15 pm | UBI Basics and Update Speaker(s): |
| 2:45 pm | Refreshment Break |
| 3:00 pm | Qualified Sponsorship Payments Speaker(s): |
| 4:15 pm | General Session |
Thursday, February 21
| 8:00 am | Continental Breakfast |
| 8:30 am | State and Local Tax Issues Speaker(s): |
| 9:45 am | Refreshment Break |
| 10:00 am | Advanced UBIT Issues Speaker(s): |
| 11:15 am | Athletic Department UBI Activities Speaker(s): |
| 12:30 pm | Lunch |
| 1:30 pm | Concurrent Session: Alternative Investments Working Session Speaker(s): |
| 1:30 pm | Concurrent Session: Managing UBIT at a Small Institution Speaker(s): |
| 2:45 pm | Refreshment Break |
| 3:00 pm | Concurrent Session: Focusing on UBI from Debt-Financed Income, Royalties, and Controlled Entities etc. Speaker(s): |
| 3:00 pm | Concurrent Session: Managing UBIT at a Small Institution (Repeat) Speaker(s): |
| 4:15 pm | Conducting a Mock Audit of UBIT at your Institution Speaker(s): |
Friday, February 22
| 8:00 am | Continental Breakfast |
| 8:30 am | Case StudiesParticipants will move into small groups to resolve hypothetical campus scenarios illustrating various concepts and issues related to UBI. |
| 10:30 am | Refreshment/Check-out Break |
| 10:50 am | Case Study Report Outs and Wrap Up |
| 12:00 pm | Program Adjourns |
Hotel
Renaissance Orlando at Sea World
Discover a stunning Orlando, Florida resort hotel, boasting a prime location across from SeaWorld Orlando and near Aquatica, Discovery Cove, Walt Disney World, and Universal Studios. The Renaissance Orlando, Florida SeaWorld Hotel combines the enchantment of America's favorite playground with imaginative style in an ocean-themed setting. Experience a beautiful SeaWorld Orlando hotel providing a winning blend of location, fine amenities and oversized guest rooms offering contemporary retreats that blend seamlessly with modern conveniences. Indulge in delectable dining at one of the fabulous restaurants or enjoy an invigorating Starbucks coffee. Boasting the lavish nèu lotus spa, this hotel in Orlando offers a superb, tranquil venue for complete relaxation. Events come alive at this SeaWorld Orlando resort hotel in 185,000 square feet of innovative meeting space and a scenic outdoor reception area. Embark on your personal journey of discovery at the Renaissance SeaWorld Orlando Hotel.
To make your reservations online please click here to visit the NACUBO Room Block. You may also call 1-888-789-3090.
Visit the Renaissance Orlando at Sea World website for details, including restaurants, amenities, and nearby attractions.
Room Rate
Single: $179.00
Double: $179.00
For reservations, call 888.789.3090.
Rates are guaranteed until 1/23/2013, subject to availability.
Please review our registration policies.
Please Note: NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.
Speakers
Nicole Bencik
Tax Partner
Crowe Horwath LLP
SHOW FULL BIO » Professional Summary Ms. Bencik has over fifteen years of tax experience concentrating in services to the not-for-profit sector. She has served colleges and universities, healthcare, trade associations, private foundations, cultural arts organizations, governmental entities and other not-for-profit organizations. Experience Ms. Bencik has served not-for-profit organizations in both a tax reporting and consulting role and has significant experience in the following areas: - Tax compliance. Ms. Bencik has managed all tax compliance aspects for many 501(c) organizations and private foundations. She is well versed in the recent changes in IRS Form 990 as well as electronic filing. -Tax controversies. Ms. Bencik has acted as liaison between the IRS and her clients on numerous occasions handling notices, compliance checks and audits. -Tax consulting. Ms. Bencik has researched a significant number of issues affecting not-for-profit organizations such as unrelated business income tax, employment tax, sales & use tax and self-dealing issues. -Educational seminars. Ms. Bencik has conducted numerous training seminars in both general taxation and specific tax-exemption issues. Nicole continues to monitor pending legislative changes, Senate Finance Committee recommendations, States' Attorneys General and enforcement initiatives conducted by the IRS in order to better inform her clients about upcoming changes in the not-for-profit sector. Education Masters in Tax University of Illinois Urbana, Illinois Bachelor of Science, Accounting DePaul University Chicago, Illinois Publications and Speaking Engagements Articles & Other Publications -NACUBO Form 990 Electronic Manual, June 2009 -IRS Loses St. David’s Case; Court Clears Joint Ventures, Exempt, May 2004 External Presentations -ACPEN National Satellite Program -Florida Hospice and Palliative Care -Healthcare Financial Managers Association – Florida Chapter -Indiana Association of Homes & Services for the Aging -Illinois CPA Society -Indiana CPA Society -LeadingAge -Life Services Network -National Association of Black Accountants -National Hospice & Palliative Care Organization -Ohio Health Care Association Professional Affiliations -American Institute of Certified Public Accountants -Illinois CPA Society, Not-For-Profit Committee, Tax Subcommittee - Chairperson
Tax Partner
Crowe Horwath LLP
SHOW FULL BIO » Professional Summary Ms. Bencik has over fifteen years of tax experience concentrating in services to the not-for-profit sector. She has served colleges and universities, healthcare, trade associations, private foundations, cultural arts organizations, governmental entities and other not-for-profit organizations. Experience Ms. Bencik has served not-for-profit organizations in both a tax reporting and consulting role and has significant experience in the following areas: - Tax compliance. Ms. Bencik has managed all tax compliance aspects for many 501(c) organizations and private foundations. She is well versed in the recent changes in IRS Form 990 as well as electronic filing. -Tax controversies. Ms. Bencik has acted as liaison between the IRS and her clients on numerous occasions handling notices, compliance checks and audits. -Tax consulting. Ms. Bencik has researched a significant number of issues affecting not-for-profit organizations such as unrelated business income tax, employment tax, sales & use tax and self-dealing issues. -Educational seminars. Ms. Bencik has conducted numerous training seminars in both general taxation and specific tax-exemption issues. Nicole continues to monitor pending legislative changes, Senate Finance Committee recommendations, States' Attorneys General and enforcement initiatives conducted by the IRS in order to better inform her clients about upcoming changes in the not-for-profit sector. Education Masters in Tax University of Illinois Urbana, Illinois Bachelor of Science, Accounting DePaul University Chicago, Illinois Publications and Speaking Engagements Articles & Other Publications -NACUBO Form 990 Electronic Manual, June 2009 -IRS Loses St. David’s Case; Court Clears Joint Ventures, Exempt, May 2004 External Presentations -ACPEN National Satellite Program -Florida Hospice and Palliative Care -Healthcare Financial Managers Association – Florida Chapter -Indiana Association of Homes & Services for the Aging -Illinois CPA Society -Indiana CPA Society -LeadingAge -Life Services Network -National Association of Black Accountants -National Hospice & Palliative Care Organization -Ohio Health Care Association Professional Affiliations -American Institute of Certified Public Accountants -Illinois CPA Society, Not-For-Profit Committee, Tax Subcommittee - Chairperson
Wendy Campos
Senior Manager
Moss Adams, LLP
SHOW FULL BIO » Wendy Campos is a Tax Senior Manager with Moss Adams LLP's Portland, Oregon office. She has practiced in public accounting for over 12 years as a trusted advisor to tax-exempt organizations, including, higher education institutions, public and private foundations, hospitals, social service organizations, credit unions, and their taxable subsidiaries. She has experience providing compliance and consulting in the areas of unrelated business income, alternative investments, excess benefit transactions, the Form 990, compensation reporting, payroll tax reporting, self-dealing, distribution and grant-making and excise tax planning. She earned her Bachelors Degree in Accounting at Linfield College and worked at a not-for-profit organization for five years before joining Moss Adams LLP. Wendy is a member of Moss Adams’ Government and Not-For-Profit Industry Group, a member of the Group’s Tax Committee, and the tax leader of the Northwest area not-for-profit practice. Her professional affiliations & certifications include membership in the Oregon Society of CPA's, AICPA, and NACUBO. She has attended training programs given by NACUBO, Georgetown Law Center, Loyola Law School, and the Internal Revenue Service and she has presented at the NACUBO Tax Forum, the Philanthropy Northwest Conference, and hosted in-person UBI events throughout the Northwest in 2012.
Senior Manager
Moss Adams, LLP
SHOW FULL BIO » Wendy Campos is a Tax Senior Manager with Moss Adams LLP's Portland, Oregon office. She has practiced in public accounting for over 12 years as a trusted advisor to tax-exempt organizations, including, higher education institutions, public and private foundations, hospitals, social service organizations, credit unions, and their taxable subsidiaries. She has experience providing compliance and consulting in the areas of unrelated business income, alternative investments, excess benefit transactions, the Form 990, compensation reporting, payroll tax reporting, self-dealing, distribution and grant-making and excise tax planning. She earned her Bachelors Degree in Accounting at Linfield College and worked at a not-for-profit organization for five years before joining Moss Adams LLP. Wendy is a member of Moss Adams’ Government and Not-For-Profit Industry Group, a member of the Group’s Tax Committee, and the tax leader of the Northwest area not-for-profit practice. Her professional affiliations & certifications include membership in the Oregon Society of CPA's, AICPA, and NACUBO. She has attended training programs given by NACUBO, Georgetown Law Center, Loyola Law School, and the Internal Revenue Service and she has presented at the NACUBO Tax Forum, the Philanthropy Northwest Conference, and hosted in-person UBI events throughout the Northwest in 2012.
Erin Patricia Couture
Director
PricewaterhouseCoopers LLP
SHOW FULL BIO » Erin is a tax director in PwC’s Exempt Organizations Practice with over eight years of experience providing specialized tax consulting and compliance services to nonprofit clients. She has expertise and experience in alternative investments, unrelated business taxable income, controversy resolution, tax-exempt bonds private use, intermediate sanctions, obtaining exempt status, compensation, fundraising disclosures, reporting requirements, as well as general compliance matters. She has experience serving various types of tax-exempt organizations including hospitals and educational institutions. Erin is the co-author of “Recent GAO Report reconfirms variations in measuring and reporting community benefit” in ABA Health ESource, April 2009. In addition, she contributes annually to the Summary of Emerging Issues for Nonprofit Organizations, published by PwC. Erin has presented on issues of importance to tax-exempt organizations to various groups including the American Bar Association and Boston Bar Association. Erin received her B.A from Smith College, and Juris Doctor from Suffolk University. She is a member of the Massachusetts Bar and the Boston Bar Association (Section of Taxation, Exempt Organizations).
Director
PricewaterhouseCoopers LLP
SHOW FULL BIO » Erin is a tax director in PwC’s Exempt Organizations Practice with over eight years of experience providing specialized tax consulting and compliance services to nonprofit clients. She has expertise and experience in alternative investments, unrelated business taxable income, controversy resolution, tax-exempt bonds private use, intermediate sanctions, obtaining exempt status, compensation, fundraising disclosures, reporting requirements, as well as general compliance matters. She has experience serving various types of tax-exempt organizations including hospitals and educational institutions. Erin is the co-author of “Recent GAO Report reconfirms variations in measuring and reporting community benefit” in ABA Health ESource, April 2009. In addition, she contributes annually to the Summary of Emerging Issues for Nonprofit Organizations, published by PwC. Erin has presented on issues of importance to tax-exempt organizations to various groups including the American Bar Association and Boston Bar Association. Erin received her B.A from Smith College, and Juris Doctor from Suffolk University. She is a member of the Massachusetts Bar and the Boston Bar Association (Section of Taxation, Exempt Organizations).
Jeff D. Frank
Director
Deloitte Tax, LLC
Director
Deloitte Tax, LLC
Geralyn Rakers Hurd
Tax Partner
Crowe Horwath LLP
SHOW FULL BIO » Geralyn Hurd has been a tax exempt specialist for more than 20 years and leads Crowe’s Tax Exempt team nationally. This national team serves some of the largest higher education institutions, academic medical centers, foundations and healthcare systems in the country. In 2008, she designed and developed the only IRS-approved software of its kind – the patent-pending Crowe Tax Risk Assessment & Control (C-TRAC®) solution. She is also a frequent author and speaker on topics relevant to the tax exempt community, including the NACUBO Form 990 Manual. In June 2012, Geralyn was named one of Consulting Magazine’s Top 25 Consultants with an Award for Excellence in the Public Sector.
Tax Partner
Crowe Horwath LLP
SHOW FULL BIO » Geralyn Hurd has been a tax exempt specialist for more than 20 years and leads Crowe’s Tax Exempt team nationally. This national team serves some of the largest higher education institutions, academic medical centers, foundations and healthcare systems in the country. In 2008, she designed and developed the only IRS-approved software of its kind – the patent-pending Crowe Tax Risk Assessment & Control (C-TRAC®) solution. She is also a frequent author and speaker on topics relevant to the tax exempt community, including the NACUBO Form 990 Manual. In June 2012, Geralyn was named one of Consulting Magazine’s Top 25 Consultants with an Award for Excellence in the Public Sector.
Joe R. Irvine
Development & Tax Counsel
The Ohio State University
Development & Tax Counsel
The Ohio State University
Ed J. Jennings
Tax Director
University of Michigan
Tax Director
University of Michigan
Anne W. Jetmundsen
Tax Advisor
University of South Florida
SHOW FULL BIO » Anne Jetmundsen is the Tax Advisor for the University of South Florida (USF) in Tampa, Florida and serves on the NACUBO Tax Council and the IRS Information Reporting Program Advisory Committee (IRPAC). Ms. Jetmundsen has been instrumental in implementing tax compliance programs at USF for areas including unrelated business income tax, sales tax, fringe benefits, independent contractor and scholarship classification. Prior to assuming the Tax Manager position in January 1996, Ms. Jetmundsen was employed in the tax departments of TECO Energy, Inc. and KPMG Peat Marwick. Ms. Jetmundsen is a CPA and holds Bachelor of Science in Commerce and Business Administration (accounting major) and Master of Tax Accounting degrees from the University of Alabama.
Tax Advisor
University of South Florida
SHOW FULL BIO » Anne Jetmundsen is the Tax Advisor for the University of South Florida (USF) in Tampa, Florida and serves on the NACUBO Tax Council and the IRS Information Reporting Program Advisory Committee (IRPAC). Ms. Jetmundsen has been instrumental in implementing tax compliance programs at USF for areas including unrelated business income tax, sales tax, fringe benefits, independent contractor and scholarship classification. Prior to assuming the Tax Manager position in January 1996, Ms. Jetmundsen was employed in the tax departments of TECO Energy, Inc. and KPMG Peat Marwick. Ms. Jetmundsen is a CPA and holds Bachelor of Science in Commerce and Business Administration (accounting major) and Master of Tax Accounting degrees from the University of Alabama.
Jodi R. Kessler
Senior Tax Analyst
Harvard University
SHOW FULL BIO » Jodi R. Kessler is the Senior Tax Analyst for Harvard University. Her responsibilities include tracking and reporting unrelated business income and various aspects of the Forms 990. She ensures compliance with Federal, State and Local tax rules for the University and aids in special projects for various departments. Previously she worked at The Ohio State University as Tax Manager and operated her own law firm specializing in tax consultation, business planning, and criminal defense. Ms. Kessler is a graduate of The Ohio State University (BA and JD), and Capital University (LLM in Taxation).
Senior Tax Analyst
Harvard University
SHOW FULL BIO » Jodi R. Kessler is the Senior Tax Analyst for Harvard University. Her responsibilities include tracking and reporting unrelated business income and various aspects of the Forms 990. She ensures compliance with Federal, State and Local tax rules for the University and aids in special projects for various departments. Previously she worked at The Ohio State University as Tax Manager and operated her own law firm specializing in tax consultation, business planning, and criminal defense. Ms. Kessler is a graduate of The Ohio State University (BA and JD), and Capital University (LLM in Taxation).
Rick F. Klee
Tax Director
University of Notre Dame
SHOW FULL BIO » Rick Klee has served as the Tax Director for the University of Notre Dame since 1998. As Tax Director, Rick coordinates the University's response to unrelated business income, property, sales, trust and payroll tax issues, as well as information return, benefit plan and other tax compliance services. He is a member of the NACUBO Tax Council and has participated as a speaker at the NACUBO Tax Forum, the Tax Institute for Colleges and Universities and other not-for profit conferences. Previously, Rick worked for 15 years as the CFO for a 65 physician multispecialty group, where part of his responsibilities included providing tax and financial planning services to the physicians. He also had more than seven year’s tax experience with Ernst & Young, the international public accounting firm. A CPA, he holds two degrees from the University of Notre Dame, a B.B.A. in Accounting and an M.A. in Theology. Rick is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.
Tax Director
University of Notre Dame
SHOW FULL BIO » Rick Klee has served as the Tax Director for the University of Notre Dame since 1998. As Tax Director, Rick coordinates the University's response to unrelated business income, property, sales, trust and payroll tax issues, as well as information return, benefit plan and other tax compliance services. He is a member of the NACUBO Tax Council and has participated as a speaker at the NACUBO Tax Forum, the Tax Institute for Colleges and Universities and other not-for profit conferences. Previously, Rick worked for 15 years as the CFO for a 65 physician multispecialty group, where part of his responsibilities included providing tax and financial planning services to the physicians. He also had more than seven year’s tax experience with Ernst & Young, the international public accounting firm. A CPA, he holds two degrees from the University of Notre Dame, a B.B.A. in Accounting and an M.A. in Theology. Rick is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.
Dale C. Larson
Vice President for Business and Finance
Dallas Theological Seminary
SHOW FULL BIO » Dale Larson joined Dallas Theological Seminary in 2009 and serves as its vice president for Business and Finance/CFO. He is responsible for all financial matters regarding budgets, audit, tax, investments, debt management, and general accounting services. Previously he worked for thirteen years at the University of Dallas as their associate vice president for finance. A graduate of the University of Nebraska in business administration and certified in managerial accounting (CMA), Dale is a member of the Financial Accounting Standards Board’s (FASB) Not-for-Profit Resource Group which supports the FASB and Not-for-Profit Advisory Committee. Dale also served on NACUBO’s Accounting Principles Council from 2004 to 2010 and was chair in 2008. He presently serves as a member of NACUBO’s Tax Council. He has served as a speaker at NACUBO’s Higher Education Accounting Forums and has been on the forum’s planning committee since 2003. He has presented on endowment management and other higher education accounting issues at the 2008 and 2010 AICPA national Not-For-Profit Conference and also served on the AICPA Taskforce on Alternative Investments in 2006. Dale was the 2007 recipient of NACUBO’s Daniel D. Robinson Award, which recognizes individual excellence and leadership in the advancement of college and university accounting and reporting.
Vice President for Business and Finance
Dallas Theological Seminary
SHOW FULL BIO » Dale Larson joined Dallas Theological Seminary in 2009 and serves as its vice president for Business and Finance/CFO. He is responsible for all financial matters regarding budgets, audit, tax, investments, debt management, and general accounting services. Previously he worked for thirteen years at the University of Dallas as their associate vice president for finance. A graduate of the University of Nebraska in business administration and certified in managerial accounting (CMA), Dale is a member of the Financial Accounting Standards Board’s (FASB) Not-for-Profit Resource Group which supports the FASB and Not-for-Profit Advisory Committee. Dale also served on NACUBO’s Accounting Principles Council from 2004 to 2010 and was chair in 2008. He presently serves as a member of NACUBO’s Tax Council. He has served as a speaker at NACUBO’s Higher Education Accounting Forums and has been on the forum’s planning committee since 2003. He has presented on endowment management and other higher education accounting issues at the 2008 and 2010 AICPA national Not-For-Profit Conference and also served on the AICPA Taskforce on Alternative Investments in 2006. Dale was the 2007 recipient of NACUBO’s Daniel D. Robinson Award, which recognizes individual excellence and leadership in the advancement of college and university accounting and reporting.
Joel Levenson
Assistant Controller
University of Central Florida
SHOW FULL BIO » Joel Levenson is currently the assistant controller for tax compliance at the University of Central Florida located in Orlando, Florida. His primary responsibilities include coordination of the IRS audit, prepare & review UBIT workpapers & methods, opine on Employee v Independent Contractor decisions and ensure compliance with other Federal & State taxing authorities. Prior to joining UCF in 2009, he worked as a tax supervisor at McGladrey focusing on FAS109, FIN48, C & S Corps, IRS audit response and international compliance. He was heavily involved with recruiting & training. Joel graduated from the University of Central Florida with a B.S. in Accounting and an MST. Joel and his wife just recently welcomed their first child to their family with the birth of their daughter, Felicity.
Assistant Controller
University of Central Florida
SHOW FULL BIO » Joel Levenson is currently the assistant controller for tax compliance at the University of Central Florida located in Orlando, Florida. His primary responsibilities include coordination of the IRS audit, prepare & review UBIT workpapers & methods, opine on Employee v Independent Contractor decisions and ensure compliance with other Federal & State taxing authorities. Prior to joining UCF in 2009, he worked as a tax supervisor at McGladrey focusing on FAS109, FIN48, C & S Corps, IRS audit response and international compliance. He was heavily involved with recruiting & training. Joel graduated from the University of Central Florida with a B.S. in Accounting and an MST. Joel and his wife just recently welcomed their first child to their family with the birth of their daughter, Felicity.
Dave Moja
Tax Partner
Capin Crouse, LLP
Tax Partner
Capin Crouse, LLP
Tracy Paglia
Senior Manager, Tax
Moss Adams, LLP
Senior Manager, Tax
Moss Adams, LLP
Kristina Rasmussen
Tax Senior Manager
Deloitte & Touche LLP
Tax Senior Manager
Deloitte & Touche LLP
Carol Summers
Marketing Manager
Moss Adams, LLP
Marketing Manager
Moss Adams, LLP
Paul Tanis
Manager
PricewaterhouseCoopers LLP
Manager
PricewaterhouseCoopers LLP
Program Overview
2013 Unrelated Business Income Tax
February 20-22, 2013
Fees (Early bird ends 1/20/2013)
- Member Early Registration: $675.00
- Non-Member Early Registration: $825.00
Estimated CPEs:17
Payment Options
For online registration NACUBO only accepts Visa, Mastercard, American Express, and Diners Club
To pay by check or purchase order
please use our
mail-in registration forms
For further assistance contact
Customer Support:
1.800.462.4916
CPE Information
NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
