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Events and Programs
Events and Programs
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2015 Unrelated Business Income Tax

February 25-27, 2015
Sheraton New Orleans
New Orleans, LA

Schedule

Wednesday, February 25

12:00 pmRegistration Open
1:00 pmWelcome and Introductions
1:15 pmUBIT Fundamentals and Recent Developments

Speaker(s):
Dom Daher, University of San Francisco
Julia Shanahan, University of Washington

A primer for beginners, or a refresher for veteran tax managers – we’ll kick off the program with with a review of the framework of the rules (and exceptions) relating to unrelated business income.
2:45 pmRefreshment Break
3:00 pmExpense Allocations

Speaker(s):
Joe Irvine, The Ohio State University
Jodi Kessler, Harvard University
Joel Levenson, University of Central Florida

Panelists will explain various methods of allocating expenses that will factor in calculating your institution’s unrelated business income liability. We will identify which types of deductions the IRS would accept as reasonable, and discussion of the different types of allocations for directly connected expenses, dual use expenses and the exploitation of exempt activities. We will illustrate practical examples of applying allocation methods using a case study.
4:15 pmNet Operating Losses

Speaker(s):
Joe Irvine, The Ohio State University
Jodi Kessler, Harvard University

Your college or university may take a centralized institutional approach to payment and allocation of the taxes and NOL or it may be allocated to each department. This presentation will examine various approaches and provide examples of calculations.
5:15 pmWelcome Reception

Thursday, February 26

8:00 amContinental Breakfast
8:30 amJoint Ventures: An Overview

Speaker(s):
Adelbert Spitzer, Ropes & Gray, LLP

Many institutions set up joint arrangements with for-profit entities to increase revenue from mission-related activities or to support the services that the school provides, such as student housing, This session will review the types of joint ventures commonly employed by colleges and universities, and the pertinent UBI rules governing these arrangements.
9:45 amRefreshment Break
10:00 amUBIT Issues Arising from Tax-Exempt Bonds

Speaker(s):
Kelly Farmer, University of Minnesota-Twin Cities
Kendall Schnurpel, Ernst & Young LLP

Panelists will give a brief overview of private business use along with a review of how unrelated business income can be identified from the perspective of post-issuance bonds compliance. Participants will also understand how to communicate with their institution's treasury department on UBI activities that can impact debt-financed facilities on campus.
11:15 amQualified Sponsorship Payments vs Advertising: Distinguishing Permissible Acknowledgements from Substantial Return Benefits

Speaker(s):
Dom Daher, University of San Francisco
Julia Shanahan, University of Washington

An in-depth review of the incredibly nuanced qualified sponsorship payment rules in the unrelated business income tax context, using a wide range of campus examples.
12:30 pmLunch
1:45 pmAlternative Investments: Best Practices for Unrelated Business Income and Information Reporting

Speaker(s):
Jesus Ayala, California Institute of Technology
Erin Couture, PricewaterhouseCoopers LLP

While alternative investments have allowed colleges and universities to diversify portfolios and increase investment return, they also have significantly increased the tax compliance burden. This presentation will review the unrelated business income and informational reporting associated with alternative investments and provides practical advice for effectively managing compliance.
1:45 pmUnderstanding the Tax and Operational Pitfalls Related to Research

Speaker(s):
Rob Butler, Grant Thornton LLP
Frank Giardini, Grant Thornton LLP
Paul O'Keefe, Brandeis University

Panelists will look through a tax lens at the many components related to defining research.
2:45 pmRefreshment Break
3:00 pmAlternative Investments: Best Practices for Unrelated Business Income and Information Reporting (Repeat)

Speaker(s):
Jesus Ayala, California Institute of Technology
Erin Couture, PricewaterhouseCoopers LLP

While alternative investments have allowed colleges and universities to diversify portfolios and increase investment return, they also have significantly increased the tax compliance burden. This presentation will review the unrelated business income and informational reporting associated with alternative investments and provides practical advice for effectively managing compliance.
3:00 pmTackling the New Tangible Property Regulations

Speaker(s):
Wendy Campos, Moss Adams LLP
Tracy Paglia, Moss Adams LLP

This presentation will provide an overview of the final rules from IRS governing tangible property, and explain their application with an eye toward UBI compliance.
4:15 pmIdentifying and Tracking Athletics-Related UBIT

Speaker(s):
Joel Levenson, University of Central Florida
Dave Moja, Capin Crouse, LLP

The many potential unrelated business income issues related to athletics.is an area that is often overlooked at smaller institutions. This session will cover the identification and tracking of logo usage, facilities rentals, youth camps, athletics-related corporate sponsorships, fitness center memberships, and other activities that should be identified and tracked to ensure complete and accurate reporting.

Friday, February 27

8:00 amContinental BreakfastCasual Friday - Wear Your School Colors
we encourage you to wear something from your current college or university or your alma mater. This is a great way to get to know other attendees and show your school spirit! (Sportswear is ok)
8:30 amSmall Group Case Studies

Speaker(s):
John Barrett, University of California Office of the President
Dom Daher, University of San Francisco
Joe Irvine, The Ohio State University
Jodi Kessler, Harvard University
Joel Levenson, University of Central Florida
Julia Shanahan, University of Washington

Participants will break into discussion groups to apply their knowledge of UBIT to resolve campus hypotheticals.
10:30 amRefreshment/Check-Out Break
11:00 amUBIT-Related Tax Reform Proposals and the Potential Impact on Your Institution

Speaker(s):
Nicole Bencik, Crowe Horwath LLP
Joel Levenson, University of Central Florida

The session will focus on recent developments from an IRS perspective including an update on the Camp Tax Reform Proposal and its impact on colleges and universities,. In addition, we will highlight key recommendations from the ACT Report including revisions to the Form 990-T and the proposed revenue ruling on unrelated business income activities.We will share some forecasting tools to assist in quantifying the potential impact of these proposals for your institution.
12:00 pmProgram Adjourns

Program Overview

2015 Unrelated Business Income Tax
February 25-27, 2015

Estimated CPEs:16


Payment Options

For online registration NACUBO only accepts Visa, Mastercard, and American Express.

Visa | MasterCard | American Express

To pay by check or purchase order
please use our
mail-in registration forms

For further information regarding administrative policies such as refunds, cancellations, and complaints:

1.800.462.4916

Registration Policy

Cancellation Policy


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.


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